PancakeSwap is a decentralised cryptocurrency exchange with a large number of supported cryptos and additional services.
SushiSwap is a DeFi cryptocurrency exchange launched in 2020. Through the Ethereum blockchain, SushiSwap has generated over $2.5 billion in trading volume through it's AMM framework. Traders can swap tokens, as well as create liquidity via yield farming.
Comment by Reviewer
"SushiSwap will appeal to experienced crypto investors looking for competitive AMM rates or developers seeking to create custom pools. However as with most crypto exchanges, SushiSwap is unregulated so we recommend caution if considering this firm."
Pros
Liquidity providers receive large rewards for their contributions - the SUSHI/ETH pool pays out double rewards
Some of the largest centralised exchanges in the world added the platform’s token, Sushi, days after it went live
Accessible fiat-to-crypto deposits including bank transfer and Apple Pay, plus 6 supported crypto wallets
Trading fees are more affordable than centralised exchanges such as Coinbase
The platform has received strong endorsements from multiple DeFi projects
Sushi Academy with learning materials for beginners and technical users
Crypto farming available with over 500 token pools to choose from
Cons
SushiSwap wasn’t independently audited before its release
PancakeSwap supports token trading and liquidity staking services for over 600 cryptocurrencies.
SushiSwap offers over 400 tokens to swap, with a good range of fiat and crypto deposits. With that said, this exchange is unregulated and funds may not be secure when compared to reputable crypto brokers.
