IDEX

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Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week

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Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more. Dex trading growth has spiked over 68% this week alone and during the last seven days, $2.4 billion … Read more

Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days

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Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights. Decentralized finance (defi) is a term used … Read more

Seeking Profits: A Number of Large Crypto Exchanges Are Mining and Staking Digital Assets

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During the last 12 months, large cryptocurrency exchanges have been getting into digital currency staking and creating SHA256 mining operations. Just recently, Binance announced the launch of its mining pool following exchanges like Okex, and Huobi. Alongside this, a great number of crypto exchanges are staking proof-of-stake (PoS) coins, which have caused some grievances among … Read more

IDEX Unveils a Demo Version of Optimistic Rollups

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Cryptocurrency trading platforms need to keep growing and evolving to remain competitive. The IDEX team has opened a public beta of its new platform, which introduces some big changes.  IDEX Is one of the most popular decentralized exchange platforms in the world today. Prominent Changes for IDEX Users Even so, there is no reason not … Read more

‘Decentralized’ Exchange IDEX to Introduce Full KYC

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IDEX, the world’s most popular decentralized exchange, is to transition to a full verification model. The move comes days after the platform began excluding residents of New York State as part of its compliance efforts. Its latest measure, described by IDEX as “pragmatic decentralization” has drawn ire from a segment of the cryptocurrency community. Also … Read more

Wrapped Bitcoin Is Coming to Ethereum

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Bitcoin core is poised to make its Ethereum debut. An initiative involving several decentralized exchanges (DEXs) as well as crypto-custodians Bitgo will see BTC become WBTC, with the W standing for “wrapped.” When WBTC launches in January 2019, it will enable ethereum-based bitcoin to be traded on DEXs, boosting liquidity and opening the Ethereum ecosystem … Read more

IDEX Blacklists New York Residents, Setting a Worrying Precedent

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IDEX, the supposedly decentralized exchange, plans to start blocking traders who reside in the state of New York. The decision sets an alarming precedent for decentralized exchanges (DEX), which have traditionally given short shrift to regional regulations in their pursuit of censorship-resistance. Also read: Circle’s USDC Stablecoin Added to Coinbase World’s Largest Censorship-Resistant DEX Starts Censoring … Read more

A Review of the New Stellarx Decentralized Exchange

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This week, Stellar launched its long-awaited decentralized exchange. Stellarx offers trading of a range of assets including cryptocurrencies from multiple blockchains, using stellar lumens (XLM) as the base currency. The exchange differs significantly from existing decentralized offerings, which are limited to tokens pertaining to a single blockchain – usually Ethereum. With Stellarx, however, users can … Read more