DEX - News, Opinion & Analysis

DEX

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A decentralized exchange (DEX) is a cryptocurrency exchange which operates in a decentralized way on a distributed ledger. One of the first DEX’s was launched in 2014 by the team behind the NXT cryptocurrency. Since then, a multitude of decentralized exchanges have launched but they are still very much in their early stages. 

Unlike centralized exchanges (CEX), which operate from centralized servers and are controlled by a central authority, DEX’s operate on a blockchain and enable peer-to-peer trading of cryptocurrencies. This is the primary difference between centralized and decentralized exchanges, but there are also many more:

Anonymity: Decentralized exchanges grant their users full anonymity, while centralized exchanges generally need to comply with KYC (know your customer) and AML (anti-money laundering) laws. 

Control of Funds: At centralized exchanges, users must trust their money to a third party. Their crypto funds are held by the centralized exchange, not the user. With decentralized exchanges, the user controls their funds as they make transactions directly from their personal wallets.

Hacks & Server Downtime: Centralized exchanges can be hacked and have downtime because they have central points of failure for hackers to target. Decentralized exchanges are impossible to hack because all participants are servers and if someone is hacked, the DEX will not notice and continue running. 

Open Source: A true decentralized exchange is completely open source so that anyone can open its code and see the algorithms and technologies it uses. With centralized exchanges, everything is privately owned and the user cannot identify what algorithms are being ran or technologies being used. 


Exciting Developments on Biswap DEX

26 Dec 2021 3 minute read 10 comments Cryptonator`s

One of my favorite newly-discovered projects this year is the Biswap DEX. During this year it has already developed extremely well. Meanwhile, Biswap has become so much more than just a DEX that allows you to swap your tokens.  Biswap doesn't stop he...

Maiar Exchange (MEX) enhanced the Elrond Ecosystem

25 Dec 2021 1 minute read 6 comments PVMihalache

Elrond was my 2020 wildcard!  Elrond Network is a highly scalable, fast and secure blockchain platform for Dapps and block-chain solutions which I discovered in 2020. I was impressed by the Adaptive State Sharding Mechanism designed to bring a 1000-f...

Trading on dydx perpetual crypto exchange

20 Dec 2021 3 minute read 2 comments quintomudigo

      dydx is a decentralized  cryptocurrency exchange that enables traders to trade perpetual contracts with up to 25 times buying power upon depositing a minimum of $10. Beside perpetual contracts, traders can also take advantage of the margin tra...

Bitcoin Spikes to $49,5K on FOMC News, UK Bans Crypto Ads, Hackers Stole $12B in Crypto

17 Dec 2021 2 minute read 0 comments GetBlock

Here’s why the U.K. regulator blacklisted Coinbase, Kraken, eToro.Even being controlled by bears, Bitcoin (BTC) price managed to reach weekly highs on the positive announcement from the U.S. regulators. Fed keeps super-low interest rates, Bitcoin...

📢 Litedex Protocol 👉 The First Decentralized Exchange Platform in Indonesia to adopt Multiple Blockchains.

16 Dec 2021 1 minute read 0 comments FreedomBuilder

  ✨ Cointelegraph News: https://cointelegraph.com/press-releases/indonesian-deputy-minister-of-trade-supports-litedex-as-bridge-to-metaverse-wealth 🎁 Total Reward: 100,000 LDX for 2000 Random Users + Top 200 ✅ Start Litedex airdrop Telegram Bot & Com...

First Cryptocurrency Hearing Before Congress 6 Crypto Leaders Testified Before the US House Financial Services Committee: Part 1

15 Dec 2021 6 minute read 0 comments Cje95

On December 8th the U.S. House Committee on Financial Services held a full committee hearing about crypto and other digital assets. Earlier this year the Chairwoman of the Committee Rep. Waters had created a Democrat-only working group on the topic....

The Evolution of FATExDAO’s DEX

13 Dec 2021 2 minute read 0 comments FATExDAO

A summary status update on FATExDAO & DEX Excerpts from our Green Paper FATExDEX v2 on the way… FATExDAO & its DEX/Dapp was never intended to just be a fork yield-farm/dex in the traditional sense: It is a depository for members digital assets and...

Adshares, Likely To Become The Next Leading Ad Network In Web3 Revolution

11 Dec 2021 8 minute read 3 comments ben06x

Web perception has improved in recent years, evolving gradually from the use of services mediated by central authorities to decentralized services ran by individual nodes, resulting in many benefits, in particular better privacy. This new stage of de...

The Biswap IDO Launchpad Lets You Buy New Tokens Like On The Binance Launchpad

11 Dec 2021 2 minute read 15 comments Cryptonator`s

Yesterday, Biswap enrolled a new exciting feature - Initial DEX Offerings (IDO). Similar to the Binance Launchpad, you can buy new tokens directly on Biswap. Here is how it works. The new feature started yesterday with the IDO of Xpansion token $XPS,...

Mate: The Solution to DEX’s Problems

9 Dec 2021 2 minute read 0 comments Diana King

Until recently, decentralized exchanges (DEXs) played a minimal role in the crypto exchanges. Centralized exchanges (CEXs) offered traders faster transaction time and higher liquidity. Although they had a limited number of tokens to trade, CEXs were...