# Vision Despite cryptocurrency being an industry built upon the principle of decentralization, the current state of cryptocurrency trading presents a stark contrast to this vision. On average, around 90% of spot exchange volume occurs on centralized exchanges such as Binance and Coinbase. Centralized exchanges are currently favored by traders of all archetypes due to their lowered barrier of entry, speed, and higher liquidity. On the contrary, current decentralized exchanges suffer from high transaction fees, low liquidity, and a lack of user-friendly interfaces, especially for those unfamiliar with blockchain technology. Crystal seeks to bring the CEX experience on-chain, facilitating seamless trading across highly liquid markets between any tokens. Enabled by Monad, a modern EVM-compatible L1, Crystal's fully on-chain order book introduces the capital efficiency and lower fees of CEXs to the decentralized world without compromising on security or composability. By providing a superior trading experience enhanced by the benefits of permissionless and self-custody exclusive to decentralized exchanges, Crystal aims to surpass centralized exchanges in becoming the premiere venue for all cryptocurrency trading. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.crystal.exchange/getting-started/vision.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.