Centralized crypto exchanges prioritize speed and volume over execution quality, leaving traders blind to who's on the other side of their trades. When you're moving large positions or markets get volatile, you lose control over slippage and how your order gets filled.
Here's the problem with exchanges. Exchanges are designed for speed and volume. They are great when you are clicking buttons, chasing momentum, or moving small amounts around. But when position size starts to matter, or even when slippage matters, when you actually care about how an order gets filled, the experience starts to change. On an exchange, you're just another click in the system. You do not know who's on the other side, you do not control how the order is worked, and in volatile moments, you feel that very quickly.
