Reshaping the Future of Investments: How DTX Exchange is Bringing Together Conventional and Crypto Assets
DTX Exchange, a new presale project, is combining TradFi with DeFi, by using a hybrid decentralized exchange model. Why is that important? Because it allows you to do all kinds of things you normally can only do with a brokerage or centralized exchange. And it’s on the blockchain. This brings a series of benefits which [...] The post Reshaping the Future of Investments: How DTX Exchange is Bringing Together Conventional and Crypto Assets appeared first on Blockonomi.
DTX Exchange, a new presale project, is combining TradFi with DeFi, by using a hybrid decentralized exchange model. Why is that important? Because it allows you to do all kinds of things you normally can only do with a brokerage or centralized exchange. And it’s on the blockchain.
This brings a series of benefits which we will explore, as we ask the question, is DTX Exchange the next BNB (Binance Coin)? And can the DeFi coin presale match the returns of Binance’s ICO? Given that BNB recently hit its all-time high of over $700 per coin?
The Problems with Centralized Exchanges like Binance
For many in the crypto community, Binance is a much-loved exchange. Former CEO ‘CZ’ was one of crypto’s heroes.
And then the regulators came.
First, they targeted Binance’s partners, meaning that many in the EU and UK still cannot offramp using Binance. Next, they came for Paxos, the company Binance was using to support its DeFi stablecoin BUSD.
Finally, they came for Binance themselves, digging up a ton of dirt that resulted in huge fines for Binance and the resignation of CZ.
Whether you agree or not with the findings and allegations of the CFTC (Commodity Futures Trading Commission), one thing is clear – sections of the US and world governments don’t want their people to have easy access to crypto. US citizens often face restrictions in trading, and it seems that regulators around the world are starting to follow suit.
And yet the rising price of DeFi coin BNB shows just how much traders want access to leverage and cryptocurrencies.
Ultimately, though, crypto investors would do well to remember the maxim ‘not your keys, not your crypto’.
While you hold your money with any centralized exchange, you risk have your assets frozen or restricted. With a decentralized exchange your money is really your own.
Is DTX Exchange the solution?
Web3 is a concept that seeks to fuse tech with inclusivity. By putting a brokerage and exchange on the blockchain, people get back their power. And that’s what DTX Exchange is doing.
The decentralized and permissionless features of the blockchain means that no KYC is needed. This combined with access to shares, forex, equities, bonds, CFDs and other leveaged products means that people have the freedom to trade whichever assets they want, however they want, without being watched or nannied.
DTX are using the experience of Binance to make sure they also have a focus on keeping their community united and safe. With trading bots, educational resources to overcome emtional trading and risk management tools DTX are aiming to put their users first. Regardless of the user experience levels.
DEXes (Decentralized Exchanges) are not new to crypto, and are in fact essential for DeFi and DeFi coins. Uniswap is most popular DEX across various chains with a TVL (total Value Locked) of over $5 billion.
And yet their functionality is limited. They have the benefits of no KYC and privacy but no options for trading with futures or non crypto assets.
As a hybrid exchange that DTX calls ‘holistic’ they are establishing themselves as potentially one of the most important upcoming DeFi coins of 2024 and beyond.
DTX Exchange is in its second phase of presale, up 500% from the start. 1 DTX DeFi coin is currently changing hands at $0.04, and with a launch price of $0.12 that’s a further 200% upside before it even gets going.
Considering that BNB started its presale at $0.15, and over the years has aprreciated by around half a million precent, and that Uniswap’s DeFi coin UNI has a marketcap of $7 billion, DTX Exchange’s presale could be a one off opportunity to invest in the future of crypto.
The post Reshaping the Future of Investments: How DTX Exchange is Bringing Together Conventional and Crypto Assets appeared first on Blockonomi.