The Top 5 Decentralized Crypto Exchanges to Watch out for in 2018


DEXs are quickly gaining popularity over centralized exchanges because they let regular investors leverage faster trades. As Ethereum co‐founder Vitalik Buterin has stated, the focus of DEXs is “NOT satisfying the needs of ‘whales’ and professional traders. Rather, it is in user convenience for regular people.” If DEXs become more user‐friendly and offer the advanced trading features common on centralized exchanges, their popularity is likely to surge.

Centralized exchanges hold funds as a third party in transactions, making their large sums a tempting target for hackers. From Mt. Gox to the more recent Bitfinex and Bitgrail hacks, millions of dollars have been stolen from centralized exchanges. Though security measures vary greatly, centralized exchanges are at much greater risk of hacking compared to DEXs.

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