A Decentralized crypto exchange eliminates the role of intermediaries

DEX cryptocurrency exchange development

A Decentralized crypto exchange creates a friendly business environment for peer to peer trading between the users. The benefits include 100% control of funds by the traders, no chance of a single point of failure, a higher level of privacy and security, non-involvement of any third parties, maintenance of complete anonymity, and no possibility of server downtime. Some of the popular DEX’s existing in the market are Bisq, Etherdelta, IDEX, Bancor, AirSwap, and Binance DEX. Decentralized exchanges are mostly created on blockchain networks like Ethereum, EOS, and TRON.

How does DEX development function?

  • The user will raise either a buy or a sell order on the platform.

The typical process behind Decentralized crypto exchange development

  • The firm’s business requirements will be analyzed thoroughly in the first place.

The core features available in DEX development

  • The acceptance of multiple types of orders like a market order, limit order, and stop-limit order.

Though centralized exchanges are currently dominating the cryptocurrency industry, Decentralized crypto exchange development is fast catching up. Centralized platforms are becoming victims of hacking attacks tarnishing their credibility in the market. Decentralized platforms offer the best trading experience and supreme security measures.

--

--

Aaron Silva is a well-known cryptocurrency consultant specializing in dealing with digital trading businesses. https://www.infiniteblocktech.com/

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Aaron silva

Aaron Silva is a well-known cryptocurrency consultant specializing in dealing with digital trading businesses. https://www.infiniteblocktech.com/