Decentralized Exchanges

A decentralized exchange is a digital assets market that does not rely on any third party individuals or organizations to hold customer’s funds; instead, the platform offers a direct peer-to-peer trading mechanism that allows the users to process their transactions on an automated system.

It solves the main limitations that cryptocurrency markets face as there is no single point of failure, aligning them with what has made blockchain technology so powerful in the first place.

At this time, decentralized exchanges manage roughly 1–4% of the total trading volumes, and this is expected to grow between 5–20 times more in the next 24 months assuming that the trading volumes don’t change and there is a constant correlation between the token price and the projected usage.

Most popular decentralized exchanges on the market

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