Decentralized Exchange
Decentralized exchange technology will play a key role in accelerating our transition to a financial system where people can transact directly, on a peer-to-peer basis, with no middlemen required. A decentralized exchange is an exchange market that does not rely on a third-party service to hold the customer’s funds.
This system contrasts with the centralized model in which users deposit their funds and the exchange issues an ‘IOU’ that can be freely traded on the platform. When a user asks to withdraw his funds, these are converted back into the cryptocurrency they represent and sent to their owner.
Benefits of Decentralized Exchange
Don’t have to trust a third party to securely manage your coins and tokens
Lower trading fees than centralized exchanges
Atomic swaps will allow DEXs to offer faster and more efficient trading
Let’s you avoid transaction and withdrawal limits typically imposed by centralized exchanges
Preserve control of your funds
No Restricted by Law
Distributed Servers