Co-DEX. Trading platform of the future!

jamesndungu (61)in #cryptocurency • 5 years ago

Cryptocurrency trading platforms have become numerous as time goes by, which is the joy of crypto enthusiasts out there. I am personally a trader on a few crypto trading platforms, which are by far the greatest thing that has happened to my trading venture.

As we all know, blockchain technology generally comes with very many benefits which are excluded in conventional fiat exchanges’ mention a few, the elimination of trusted intermediaries is a feature which has greatly helped in the mass adoption of crypto exchanges. There is a reduced amount of unnecessarily high fees, which are usually charged in traditional fiat exchanges.

The time factor has also been greatly improved in cryptocurrency exchanges as the processing of transactions is very swift, and the process itself has been greatly shortened. An issue that has always bothered me before the introduction of blockchain technology and crypto exchanges altogether is the idea of someone else being in charge of my funds.

The moment I learned of blockchain technology and its decentralized nature, I had to jump aboard the ship and take back full control of my money. Security has also always been a top priority while trading on any exchange. Crypto exchanges, however, have elevated the level of security greatly, which is why I have much confidence while trading in crypto.

Now, blockchain technology is a work in progress with innovations coming to life every other day or month, which is why each and every sector, including crypto exchanges being developed to meet the needs of the users. Here is where I want to tell you all about this new amazing decentralized exchange, which is looking to take crypto trading to a whole new level.

Co-DEX Exchanage.

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The majority of currency centric exchanges are usually built on top of a singular blockchain platform, which in most cases its Ethereum. These exchanges are limited to escrow only ERC-20 assets. Now let me introduce to Co-DEX, which differs from such currency centric exchanges that are built upon the IBC innovation generated by the Cosmos Network.

Co-DEX is going to be a currency-neutral decentralized exchange in that it is going to allow connectivity between various native cryptocurrencies. As a user of this exchange, it means that my options will have been expanded, and I will not have to limit myself to a particular currency system.

Now Co-DEX also has another interesting feature, which will surely convince you to become a part of the exchange. I am talking about it being the world’s very first no fees decentralized exchange, which is based on the IBC innovation created by Cosmos Network.

In layman’s language, this means that as a trader, I will no longer have to depend on a third-party service that holds my assets. Thanks to smart contracts, which is an automated process on the blockchain, I will be able to trade directly with other traders on the platform.

CONCLUSION.

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Co-DEX is a decentralized exchange that is not only going to offer financial freedom to crypto traders all around the world but also helps us save money through their NO FEES policy. I am very excited to see the success of Co-DEX decentralized exchange and, more so become a part of it and greatly improve my trading skills.