Altcoin.io

The Decentralized Exchange Market Is Open For The Taking – And Data Proves It

follower @ Altcoin.io

Published on Jul 23, 2018

A recent article from Coindesk shows with data the decentralized exchange market is open for the taking due to low trading volumes.

Read more here: https://www.coindesk.com/decentralized-exchange-crypto-dex/

Capture.PNG

The chart above shows the number of trades made by the most active decentralized exchanges. There is no clear winner in this space just yet and by learning from other exchanges shortcomings we hope to change this.

To compete and really change this market for the better, DEXs must have the following characteristics:

  • Instant trustless trading
  • A great user experience
  • Blockchain interoperability
  • Liquidity

You can read our mission and vision to create the decentralized exchanges of the future here: https://blog.altcoin.io/share-in-our-success-by-investing-in-altcoin-io-through-wefunder-c58198a2a4c...

Most decentralized exchanges in the market today fail to provide a great user experience for two reasons:

  • Transactions can take minutes to be confirmed on their blockchains.
  • Users will have to pay high blockchain transaction fees.

This constrains trading volume, liquidity, and creates a frustrating trading experience. The community wants security, but not at the expense of transaction speed.

As a team, we're focused on building the first decentralized exchange that can truly compete with larger & less secure exchanges such as Coinbase, Bittrex, and Binance that are seeing billions in combined daily trading volume.


We've been hard at work over here at Altcoin.io working to build the future of decentralized cryptocurrency trading: instant, low-fee trades of virtually any token, all secured by the blockchain.

Stay tuned for our next update this week as we prepare to release our Plasma DEX v2 which will include many development upgrades.

Altcoin.io Team
https://www.altcoin.io/

Want to stay up to date with Altcoin.io updates? Follow us on Twitter, like us on Facebook, preregister on our website, or join our Telegram channel.