News and Announcements

Demystifying Decentralized Exchanges

From day one Allvor has an active trading in the decentralized exchange (DEX) of the XRP Ledger. So far negotiations have reached more than 1.3 million XRP. Many people say that in the future decentralized exchanges will be highlighted in the market. We also believe that. And even though few people outside the XRP community know it, XRP Ledger’s DEX has an impressive quality.

See the DEX report prepared by Circle Research:

Decentralized exchanges (DEX)

INTRODUCTION TO DECENTRALIZED EXCHANGES

A crypto asset exchange is an electronic venue for buying and selling crypto assets. Currently, the majority of crypto asset trading occurs on centralized platforms like Coinbase, Poloniex, Binance, Bittrex, etc that collect fees for facilitating trades. Many believe that assets powered by decentralized technology should be traded on decentralized platforms. This revelation, along with several events that have degraded trust in some centralized exchanges, have led to a rise in decentralized exchanges, or DEXs.

Access the full report