Decentralization is the mantra of the blockchain technology, but most of the crypto asset trading takes place on centralized exchanges.
They require ID verification to deposit or withdraw funds. There have been major security incidents and transaction fees are generally high.
This could all change soon as market leaders are announcing their efforts to establish decentralized exchanges or DEXs. This opens the possibility for market participants to trade directly peer-to-peer, while maintaining full control over their assets.
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