Although the two models of exchanges will be unique, there will be advantages and disadvantages associated with the centralized and decentralized stock exchanges, and those vary in creating market efficiency. The centralized exchanges make liquidity, regulation, and easy-to-use purposes, while the decentralized exchanges appeal to security, anonymity, and global access. With technological and market development, the coexistence of the two models is inevitable because they will stem from different financial needs. Knowing the advantages and disadvantages of each system is highly essential for investors venturing into today’s very complex financial markets.