We know since longer time that Binance plans to add decentralized exchange as one of their products. This way anyone will be able to list tokens there (if they pay) and trade. Now we have a sneak peek.
it looks like they will launch their own chain (so we can say token/currency) that will be doing all this and should be a competitor to current systems. Currentl NEO, WAVES, BTS, ETH and STEEM (this one just kind of as its 1 pair STEEM/SBD) have built in exchanges. I would say that oly first tree work good as ETH is slow or has huge GAS fees. STEEM/BTS is pretty much the same.
With all KYC/AML and govs attacking crypto and exchanges im sure decentralized trading spots is the future so keep eye on projects in this niche.
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This is one of the best exchange in the world easy to use for new comers
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I still believe in the steem prospects though. Eos is another cryptocurrency I got a eye on!!!
PS- my comment is not a financial advice of any sort. Hahaha
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Look at BitShares DEX working for 4 years now...
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Bitshares has bad interface.
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Well,yes,it's hard for beginners.It takes some time to get around there,but i like it.
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Decentralized exchanges are a must in this space. So people start using them more. Teach others how to. Binance is hitting the ground running. Love this crypto.
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Maybe DEX is the way for the future, but as it stands now Decentralized Exchanges Aren't Living Up to Their Name – And Data Proves It.
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WeLl, i expect nothing less.
Devs of Binance built a good platform already. Adding a decentralized exchange as a product would add to the reasons why they seem perfect as compared to some other exchanges.
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@kingscrown In my opinion binance loosing it's sheen with recent development in their policy of listing where they started listing shot coins just to create more n more volume... Moreover I am not a big fan of dex platform as it has no meaning in regulation world which is really a future so I don't expect much from their dex platform...
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Can't wait for this one!
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"This way anyone will be able to list tokens there (if they pay) and trade."
I have seen that fees asked by binance to list your coin are really crazy high. They are making a lot of profit, not that that's a bad thing but it's not better than other corporate greed.
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