Top 5 Decentralized Exchanges in 2022
Decentralized exchanges (DEX) have emerged as an alternative to centralized exchanges allowing people to swap crypto assets on a peer-to-peer basis with no third party involved. The number of new DEXs is increasing by days if not by hours. So, how to choose the most prospective and innovative decentralized exchange? Let’s lift up a curtain […]
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Nowadays, decentralized exchanges are a part of exchanges that allow peer-to-peer transactions without any third party. Importantly, you can perform transactions safely online without any issues. DEX advocates that what makes decentralized exchanges attractive is their security. However, centralized exchanges come with several issues, including exposure to hackers, prohibiting or limiting your ability to trade […]
The third quarter of 2020 has seen the strong resurgence of decentralized finance (DeFi) on Ethereum. With it, the demand for decentralized exchanges (DEXes) surged, causing Uniswap to briefly overtake Coinbase Pro at one point. Heading into 2021, Ethereum and decentralized exchanges would likely perform even better, quant trader Qiao Wang said. Two Reasons an […]
The “top-tier” exchanges as ranked in a report by CryptoCompare increased their market share to 96% in February 2022. The top centralized cryptocurrency exchanges have reached all-time highs for market share this year as trading volume in crypto consolidates onto the platforms of only a few trusted companies.So named “top-tier” crypto exchanges have increased their market share from 89% in August 2021 to 96% in February 2022 according to data collected by UK analytics company CryptoCompare published on Monday, April 11.The firm analyzed over 150 active centralized exchanges, ranking them....
Elliptic says the Kucoin hacker has sold $17.1 million worth of tokens via decentralized exchanges (dex) platforms like Uniswap, Kyber Network, Tokenlon. The shift to dex applications comes after centralized projects came to the aid of the beleaguered exchange by blocking any cashing out of the hack related funds. For the past few days, the blockchain analysis firm says it has been seeing stolen tokens being swapped with censorship-resistant cryptocurrencies like bitcoin. Despite this change in tactics, Elliptic insists it has the technology that can still trace the movement of such....
Hackers exploit the middleman in centralized exchanges which is a central point of failure. No hacker can penetrate Bitsquare’s decentralized platform as they did with Bitfinex because of the presence of a middleman figure, says Mihail Mihaylov, Bitsquare’s Chief Decentralist. Mihaylov says to CoinTelegraph: “Traditional centralized exchanges are honeypots for thieves. With a single hack or through social engineering, a crook can get their hands on large sums of coins and a wealth of user data. This has already happened numerous times.” He explains ways in which Bitsquare is different from....