2019 06 Decentralized Exchange Report
For over nearly a decade, cryptocurrency exchanges have been at the core of the overall industry. According to statistics presented by TokenInsight, the current daily trading volume of the digital assets market is roughly over 1,000 million dollars. 95% of the trading takes place on centralized exchanges (compared with that of decentralized exchanges). The framework of a centralized exchange is very similar to that of traditional security exchanges, which enables users to charge their accounts with fiat currency or in the case of crypto, directly with digital assets. After accounts are processed, exchange will, based on these types of credits, will issue a corresponding amount of IOUs in which users are allowed to use and conduct trades on the exchange.