The ETHAX Decentralised Exchange is a non-custodial exchange built by ETHAX to further enhance the ETHAX brand across all aspects of crypto. This service will allow any customer to buy, sell, or swap ETHAX Tokens or any other major cryptocurrency at the lowest possible market fees.
A DEX is a peer-to-peer marketplace where transactions occur directly between crypto traders. DEXs fulfil one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, payment processors, or any other kind of intermediary.
In the first quarter of 2021, $217 billion in transactions flowed through decentralised exchanges. As of April 2021, there were more than two million DeFi traders, a ten-fold increase from May 2020.
Unlike centralised exchanges DEXs don’t allow for exchanges between fiat and crypto — instead, they exclusively trade cryptocurrency tokens for other cryptocurrency tokens. Via a centralised exchange (or CEX), you can trade fiat for crypto (and vice versa) or crypto-crypto pairs — say some of your bitcoin for ETH. You can also often make more advanced moves, like margin trades or setting limit orders. But all of these transactions are handled by the exchange itself via an “order book” that establishes the price for a particular cryptocurrency based on current buy and sell orders — the same method used by stock exchanges like Nasdaq.
Decentralised exchanges, on the other hand, are simply a set of smart contracts. They establish the prices of various cryptocurrencies against each algorithmically and use “liquidity pools” — in which investors lock funds in exchange for interest-like rewards — to facilitate trades.
While transactions on a centralised exchange are recorded on that exchange’s internal database, DEX transactions are settled directly on the blockchain.
The ETHAX DEX will naturally trade ETHAX Tokens, but ETHAX will also use Pancakeswap DEX as an established business to grow from.
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The ETHAX Decentralised Exchange is a non-custodial exchange built by ETHAX to further enhance the ETHAX brand across all aspects of crypto. This service will allow any customer to buy, sell, or swap ETHAX Tokens or any other major cryptocurrency at the lowest possible market fees.
A DEX is a peer-to-peer marketplace where transactions occur directly between crypto traders. DEXs fulfil one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, payment processors, or any other kind of intermediary.
In the first quarter of 2021, $217 billion in transactions flowed through decentralised exchanges. As of April 2021, there were more than two million DeFi traders, a ten-fold increase from May 2020.
Unlike centralised exchanges DEXs don’t allow for exchanges between fiat and crypto — instead, they exclusively trade cryptocurrency tokens for other cryptocurrency tokens. Via a centralised exchange (or CEX), you can trade fiat for crypto (and vice versa) or crypto-crypto pairs — say some of your bitcoin for ETH. You can also often make more advanced moves, like margin trades or setting limit orders. But all of these transactions are handled by the exchange itself via an “order book” that establishes the price for a particular cryptocurrency based on current buy and sell orders — the same method used by stock exchanges like Nasdaq.
Decentralised exchanges, on the other hand, are simply a set of smart contracts. They establish the prices of various cryptocurrencies against each algorithmically and use “liquidity pools” — in which investors lock funds in exchange for interest-like rewards — to facilitate trades.
While transactions on a centralised exchange are recorded on that exchange’s internal database, DEX transactions are settled directly on the blockchain.
The ETHAX DEX will naturally trade ETHAX Tokens, but ETHAX will also use Pancakeswap DEX as an established business to grow from.