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Significant head effect of decentralized exchanges, Newdex accounts for 70% of trades in EOS ecosystem

TokenInsight published a 2018 Cryptocurrency Exchange Annual Report, pointing out the present situation of decentralized exchanges: the trading volume of decentralized exchanges highly concentrated on the leading exchanges, on either ETH or EOS. The trading volume of several leading exchanges accounts for more than 80% overall. Newdex even shares more than 70% trades among the whole market on EOS.

Source: TokenInsight

Source: TokenInsight

Newdex has surpassed IDEX on daily active users volume and daily trading volume, becoming the world’s largest decentralized exchange on volume.

How are EOS Decentralized Exchanges Built?

The most highlighted character of decentralized exchange is the trading experience that allows users to skip registration, deposit and withdrawal.

Wallet code scanning exchange of Newdex includes two parts: scanning login and scanning exchange. Users only need to own a mobile wallet to trade by scanning code on Newdex Web without registration. Or they can login on the Embedded…

Read Full Story : AMBCrypto

2019-02-02 10:30:15

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