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Understanding Price Discrepancies in Cryptocurrency Exchanges

Cryptocurrency trading often raises questions regarding price discrepancies across different exchanges. A compelling inquiry that commonly comes up is why the price of a particular asset, such as Hive, can be higher on platforms like Leo Deex compared to larger centralized exchanges, such as Binance.

The Mechanics of Price Differences

The essential distinction between Leo Deex and Binance lies in their operational structures. Leo Deex utilizes decentralized liquidity pools, while Binance relies on a centralized order book system. This fundamental difference leads to varying prices across the board for multiple exchanges, whether decentralized or otherwise.