RATE Group | Decentralized Exchanges Are Evolving at Last
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Decentralized Exchanges Are Evolving at Last

10 Oct Decentralized Exchanges Are Evolving at Last

Posted at 09:59h in Bitcoin News by

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Decentralized Exchanges Are Evolving at Last

The humble DEX has come a long way since the days of Etherdelta. While not all of those steps have been forward – such as the enforcement of KYC on IDEX – the scope and quality of decentralized trading platforms has evolved greatly. As an examination of several new and emerging platforms shows, DEXs can finally hold a flame to CEXs.

Also read: United Nations Agency Unicef Launches Cryptocurrency Fund

Decentralized Finance Has Revitalized Decentralized Exchanges

ERC20 token trading platforms still constitute the bulk of all DEXs, but that’s starting to change. The decentralized finance (defi) movement, which is synonymous with Ethereum, is also permeating other chains and domains, resulting in the creation of some interesting decentralized exchanges. As a case in point, the new platform that blockchain project Fetch.AI is launching will be for trading metals – and not just speculatively, but with physical delivery.

Decentralized Exchanges Are Evolving at Last“The decentralized exchange will…

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