An interview with Oana Batran, Chainge Finance CBO, on the strengths of DEX’s and the need for interoperability.
The idea of a Decentralized Exchange (DEX) is popular with the blockchain world — after all, decentralization is one of our core values — but even the most popular DEXs like Uniswap (16% market share) and Pancakeswap (8%) don’t have anywhere near the number of users of a major centralized platform such as Coinbase, Gemini, and Binance.
So, what keeps even experienced blockchain and crypto advocates from taking advantage of the freedom and reduced fees of DEXs?
We revisited the strengths of DEXs, said Oana Batran, CBO of Chainge Finance.
DEXs are a popular idea, but most people use centralized exchanges. Why should users be concerned about using a DEX?
First and foremost, there is no comparison between Centralized Exchanges (CEXs) and DEXs when it comes to control over one’s assets. But the Chainge DEX has a very wide range of significant benefits, Centralized Exchanges simply cannot attain, such as:
- User Experience
- Cross-chain transactions
- Custody (The Chainge DEX is non-custodial)
- Diversity with a wider range of coins
- Trustless Transactions (Overseen and recorded by the exchange.)
- Low Fees (The DEX will charge a fee as low as 0.1% for exchanges.)
- Privacy (You don’t need to share information, you keep custody of your assets)
These are just the tip of the iceberg because our main focus at the moment is the derivatives market. We are the first ones in DeFi history to implement a 100% decentralized Options DEX — which implies any user or project can join the big leagues and write, exercise, trade, and distribute options with just a few taps. A tool reserved only for specialized traders and institutions is now at…