The blockchain is opening new avenues of business every day, with this, new cryptocurrencies are also appearing with the time period. From the last couple of months, the number of cryptocurrencies in the market has increased by many folds. Currently, we have more than 2000 cryptocurrencies in the market. Looking at this perspective, genuine and good decentralized exchanges are very less. Trading of cryptos can be highly beneficial to beginners and professionals.
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Looking at the needs of crypto users, P2P exchanges are attractive customers based on their needs and geographic location. Since the usage of blockchain and cryptocurrencies are increasing a day, fear of hacking is also coming after that. Therefore, crypto enthusiasts are looking for reliable blockchain infrastructure which can secure their funds and transactions.
Users who have expertise in traditional fiat currency trading always look for a platform which can easily support their needs and secure their funds. Decentralized exchange helps users to trade peer to peer without trusting the third party. Moreover, their private keys will not be stored and shared with anyone. There is no doubt that in a coming couple of years, trustless exchanges will overtake the crypto market and remove the middle man.
There are various issues with the current ecosystem, and every DEX is trying to resolve issues to provide the best services to their client. Coinxes is one the DEX which provides a platform to resolve myriads of issues with crypto exchanges.
Underneath are a few problems which Coinxes is trying to solve:
- Connecting the buyer and seller with the help of escrow accounts to secure the funds.
- Supporting regional language to increase the adaptability.
- Coinxes does not store funds on its platform to avoid hacking.
- Easy to use interface for beginners and advance users.
- Safeguarding users by keeping users anonymous.
- Dedicated ERC20 tokens to counter DEX competitors
- ERC20 Token or ICO counter on our platform where traders can buy ongoing ICOs and ICO owners can list their ongoing ICOs too.
Most of the exchange are adaptable to changes and feedback, which will make them obsolete in the coming years. Coinxes will take regular feedback from customers to keep them self competitive in the market.
Cryptocurrencies are relatively unregulated in most countries, but things are changing with the time period. In a couple of years, the situation could improve and people will start using decentralized exchanges to overcome these issues.
To recapitulate, decentralized exchanges are growing day by day and trying to bring more and more functionalities to crypto users.