This June, the turnover of decentralized exchanges reached its all-time high at around $1.6 billion.
1 What is a decentralized exchange? Decentralized exchange (DEX) is an exchange built on a distributed ledger. It does not store users’ private data on its servers and only serves as a platform for matching users’ bids and asks. All trade that happens on such a platform is strictly peer-to-peer with no financial intermediaries. That […]
Largest Canadian crypto exchange Coinsquare has acquired StellarX, a Stellar-based zero-fee decentralized crypto exchange and payment network. According to the announcement, StellarX will be a fully owned subsidiary of Toronto-based Coinsquare and will seek regulatory approval to operate and expand its service under Coinsquare’s compliance.
Using any blockchain to create an exchange without central operations doesn’t remove the original creator’s responsibility. This was the warning Robert Cohen, the chief of the SEC’s newly created cyber unit, made in the wake of the charges the U.S. securities regulator had filed against Zachary Coburn, the founder of EtherDelta, an Ethereum-based decentralized exchange.
StellarX, a Stellar-based zero-fee decentralized crypto exchange was fully launched last week, as announced in a blog post by Interstellar, the company behind the platform.
Altcoin.io, a decentralized cryptocurrency exchange headquartered in San Diego, announced it raised nearly $1 million through WeFunder in its bid to become the world’s safest platform for exchanging digital value.
Leading cryptocurrency exchange Binance took a big step towards becoming a decentralized exchange when it revealed a “rough, pre-alpha” demo version of its upcoming new DEX platform.