Self-Custody Trading Explained
Learn how self-custody DEXes let you trade with leverage while keeping control of your crypto. Not your keys, not your coins.
"Not your keys, not your coins" - this crypto mantra highlights the importance of self-custody. When you use a centralized exchange, you're trusting them with your funds. Self-custody trading eliminates this risk.
The Problem with Centralized Exchanges
History is full of centralized exchange failures:
- Mt. Gox (2014): 850,000 BTC lost
- FTX (2022): $8 billion in customer funds missing
- Countless hacks, freezes, and withdrawal restrictions
How Self-Custody DEXs Work
On self-custodial platforms like oklong:
- Your funds stay in your wallet until trade execution
- Smart contracts handle settlement, not a company
- You can withdraw anytime without permission
- No one can freeze your account or funds
oklong's Self-Custody Model
oklong is built on Orderly Network, which uses a hybrid model:
- Off-chain orderbook: Fast, CEX-like matching
- On-chain settlement: Trustless, audited smart contracts
- Self-custody: Assets secured by your wallet
This gives you the best of both worlds: CEX performance with DeFi security.
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