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RE: Bittrex and Bitfinex Rapidly Closing Down User Accounts
The Bittrex situation is really beyond unfair. Least they could do is informed each user - yet, what happens is they get a generic message that their account is disabled because of reason A, B, C or maybe D, sucks to be you basically. WTF?
Hopefully decentralised exchanges will take off even more in the future. For altcoin-to-altcoin exchanges, there's really not much reason to go through a centralised exchange or is there. Only once you deal with FIAT is it really necessary to go through a regulated exchange.
Exactly. DEXs seem like the only way to rid ourselves of this problem. Hopefully as cryptocurrencies get even more popular, decentralized and altcoin-to-altcoin exchanges rule over the fiat ones, as nobody will be using the fiat ones anymore!
DEX have somewhat taken off this year actually. Last year there was barely any volume at all. Now - I just checked - Etherdelta and Bitshares traded about $5m in 24h not bad. Hoping the trend continues, I mean how awesome would it be for a DEX to be the #1 spot on coinmarketcap?