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How decentralized exchange affets the cryptocurrency

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A DEX is an online peer-to-peer (P2P) cryptocurrency exchange service which operates without central authority accountable for asset storage and trading. This service allows quick and easy cryptocurrency transactions between two interested parties without unnecessary movement of crypto funds with attached fees and complete anonymity.

As a reputed blockchain-based entity, Global Digital Cluster Coin yearns to increase the adoption of crypto assets by introducing its own decentralized exchange, Hopium. It lets users purchase, sell, trade, stake, and withdraw crypto assets immediately and securely.

Since it is a decentralized exchange, there is no need for users to provide their details and other KYC particulars. Any crypto enthusiast can join the platform by just integrating their existing popular wallets, such as MetaMask or Trust Wallet.

some benefits of decentralized exchange:


No price manipulation

No fake volumes

Accessibility for new crypto assets

#1 - October 14, 2022, 06:50:50 AM
« Last Edit: October 15, 2022, 10:34:10 PM by Mikser »

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Decentralized exchanges (DEXs) can have a significant impact on the cryptocurrency market by offering more security, transparency, and decentralization compared to centralized exchanges. DEXs operate on a peer-to-peer basis, without intermediaries or centralized control, allowing for more trust and privacy in trading. DEXs also enable direct ownership and control of assets, reducing counterparty risks and enabling greater liquidity. However, DEXs may also face challenges, such as lower liquidity, higher fees, and slower transaction speeds. Overall, DEXs can promote greater adoption and decentralization of cryptocurrencies, but traders should be aware of the potential risks and limitations of using decentralized exchanges.
#2 - March 03, 2023, 04:19:52 AM


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