Decentralised cryptocurrency exchanges (DEXs) are typically dominated by a small group of contributors relatively than a broad set of customers, the most recent working paper from the Financial institution for Worldwide Settlements reveals.
The paper, printed on November 19, says DEXs are at the moment accountable for greater than $10 billion of digital asset transactions each day. In contrast to conventional cryptocurrency exchanges corresponding to Binance and the now-defunct FTX, which require central counterparties to take custody of property
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