More and more solutions, both technical and software, are being provided by crypto enthusiasts and experts to ensure the realization of the massive adoption of cryptocurrency assets by the global community. Yet, what is evident at the level of crypto exchange is that the more the solution, the greater the issues that confront crypto traders.
However, here comes a decentralized exchange platform that presents a promising solution for the decentralized financial ecosystem. A look at the SWOT analysis will give all information, pros and cons the platform brings.
What is DEEX?
Deex serves as a decentralized exchange which aims at mass users and promises a new level of functionality, convenience, and speed.
What are its Strengths?
Deex comes as a stock exchange targeted at investors and people with a simple interface that comes with a number of options for replenishment and withdrawal of Fiat and its core token.
DEEX Exchange operates as a convenient and reliable cryptocurrency exchange that provides a high level of security for traders’ funds. Trading on DEEX with the leading and most popular cryptocurrencies guarantees big profit margins.
The exchange offers individual traders a dependable and helpful platform for speedy exchanging, trading, purchasing and/or offering of cryptocurrency, utilizing the most famous installment strategies.
There are a lot of digital assets (in excess of 10 digital currencies) accessible for trading and exchanging, including Bitcoin and Ethereum, on DEEX exchange platform.
DEEX also integrates a decentralized blockchain-powered subsidy that ensures encrypted P2P dispatcher, mobile application for iOS and Android, trading robot, network ATMs, own cryptocurrency cards, etc. the P2P messenger serves as a platform that allows leading ICOs of both inner tasks and improvements pulling in speculations.
It works on the engine Bitshares 2.0, a high-tech decentralized platform that allows creation of highly efficient financial smart contracts. This is applicable for all spheres of internet-powered economic activity.
The essence of the Bitshares 2.0 platform is to provide a lot of benefits for users including high performance (up to 100 000 transactions per second), trading in cryptocurrency with a stable price (Bitassets/Smartcoin), recurring and planned payments, etc.
Any Weakness?
Since DEEX platform will operate primarily on-chain with the use of smart contracts, achieving consensus and executing trade orders and transactions could take more than normal time
Again, blockchains are plagued by a problem known as the “Scalability Trilemma” of low scalability, decentralization, and security. Since DEEX operate on-chain, it faces the slower and less efficient issue.
What Opportunities are there?
DEEX may not be affected by the common problem of crypto-to-crypto trading plaguing decentralized exchanges because it offers fiat to crypto trading pairs. This is a great opportunity that the platform can leverage.
Again, DEEX is presented with a huge opportunity of having may traders as it looks to overcome insecurity and lack of transparency that define virtual market.
Does DEEX face any Threats?
DEEX lack of a centralized entity presents it with a regulatory uncertainty and threat that surrounds the crypto space.
Conclusion
Without mincing words, DEEX has a large room to excel in the exchange market with the great strengths that it comes with.
Learn more about Deex;
Website: https://www.deex.exchange
Telegram: https://t.me/deex_exchange
Youtube: https://www.youtube.com/channel/UC5oYUk9QC4kbM5ZBpodOUcQ