Decentralized Exchanges Are Building a Life Raft but Need a Bridge By Cointelegraph


Decentralized Exchanges Are Building a Life Raft but Need a Bridge

Recently, crypto traders have shown a lot of enthusiasm for decentralized exchanges, or DEXs. The enthusiasm is warranted. We’re starting to see the fruits of many years of hard work pay off with DEX trading volume and use increasing every day.

In spite of this growth, the vast majority of crypto trading still takes place on centralized exchanges. DEXs offer a clear set of benefits in terms of fund security, flexible custody and transparency, so why is it that the majority of the market still shuns them in favor of centralized alternatives? We think we know the answer, and we’ve spent the last year and a half working to build a next-generation DEX that can go head-to-head with centralized exchanges. We continue to make progress, and we want to share some reflections, insights and observations that have shaped our innovations.

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