Decentralized Exchange

Trade mining is a feature in the DeFi space that continues to gain popularity. The concept combines the essence of yield farming with staking and mining in a unique way. As such, it enables users to secure passive rewards securely and in a stress-free manner. What is Trade Mining Trade mining systems operate as incentivization protocols for exchange users. Trade mining tokens mint every time a person conducts a transaction on a participating DEX (decentralized exchange). Like mining, these tokens…

The Uniswap community voted in support of launching the prime decentralized exchange's v3 iteration on layer-two scaling solution, Arbitron. Uniswap's inventor, Hayden Adams, announced the vote on May 27, disclosing the proposal's governance vote obtained d 41.35 million votes in favor and zero opposing votes from UNI token holders. Uniswap is now setting up layer-two implementation on both Arbitrum and Optimism. 1/ The @Uniswap community has spoken with overwhelming support in favor of an Arbitrum deployment of Uniswap v3! So…

Crypto-to-crypto exchanges remain a critical part of the blockchain sector. These platforms help regular users exchange one kind of digital asset for another based on the given assets' market value. Since the earliest days of the crypto market, there has been a demand for these services. Nowadays, there are various crypto-to-crypto exchange protocols in the market.  Centralized Exchanges (CEXx) Centralized exchanges (CEXs) are the most popular type of crypto-to-crypto exchange. These platforms allow users to load their funds onto network…

Cryptocurrency exchanges offer a seamless way to exchange digital currencies for other crypto assets or conventional fiat money. The advancement in cryptocurrency exchanges has been instrumental in spurring mainstream crypto adoption.  Crypto exchanges are grouped into two broad categories: centralized exchanges (CEXs) and decentralized exchanges (DEXs). Centralized exchanges, also referred to as custodial, are controlled by a central authority in charge of users' digital assets. They feature a highly regulated trading environment and also involve third parties. Decentralized Exchanges Decentralized…

The Age of Anonymous Exchange Nowadays, many countries enforce crypto exchanges to comply with Know Your Customer (KYC) rules and hence abandoned crypto transactions' anonymity. Under such circumstances, the popularity of anonymous crypto exchanges rises, and more crypto-enthusiasts are looking for alternatives to the existent exchanges caring about personal data security. Introducing Godex - Where Anonymity is Everything Since the number of cryptocurrency users and its total capitalization is constantly growing and is predicted to grow in the future, there…

Cryptocurrency exchanges arose from the need to trade digital currencies, just like in forex trading. If one wishes to change hard currency into digital currency, they use crypto exchanges to acquire such assets as bitcoin stored in digital wallets.  Types of Crypto Exchanges However, despite their unprecedented growth and market infiltration, cryptocurrencies cannot replace conventional platforms. This necessitated a look into how physical platforms could be incorporated with cryptocurrencies. Thus, centralized and decentralized exchanges emerged.  Centralized exchanges (CEX) Centralized exchanges…

How is trading cryptocurrencies different from other assets like fiat currency, stocks, or bonds? There are quite a few distinctions, but the main difference is that cryptocurrencies have their trading exchanges, either centralized or decentralized. In recent years, cryptocurrencies have grown in popularity and adoption. They offer cheap, borderless ways of sending and receiving money and new investment opportunities. Additionally, many people migrate to cryptocurrencies as stores of value to protect their wealth from individual and collective government inflation. This…

Recently, Coinbase carried out a research calling Bitcoin a blue-chip asset. It was reported that its position as a blue-chip asset is still undisputed and there is a trend where bull markets exhibit rising traction among alternative assets. The report says this may be due to several reasons, but majorly has to do with psychology. Investors seem more willing to consider altcoins during bull runs, like the time the market dominance of Bitcoin declined beneath 30 percent on Coinbase during…

A remarkable software flaw in the Decentralized exchange (DEX) Bisq allowed a hacker to steal cryptocurrency worth over $250k from users. The exchange promptly stopped trading yesterday night upon discovering the critical security risk. Bisq hasn't mentioned the specific flaw and is yet to ascertain the safety of users’ funds. The exchange phrases the action taking with regards to the theft as unprecedented. The exchange states that the hacker made away with 3 Bitcoins and 4,000 Monero (XMR) from 7…