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Decentralized exchanges aren’t ready for derivatives
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If the words “derivatives trading” conjures up images of men in suits with disheveled white sleeves rolled up to the elbows and exacerbated expressions on their faces — like something out of The Big Short — then the word decentralized exchanges (DEXs) must conjure up, well, nothing.
There are no offices, no floor traders waving papers and certainly no men in suits. DEXs are managed automatically or semi-automatically with the involvement of platform participants in the process of making mission-critical decisions. DEXs are a bulb of a system that is sprouting groundbreaking opportunities for many, but they are not yet suited for the soil of derivatives trading in this season of the crypto market.
The technology isn't available right now to
Read more on cointelegraph.comAbout this in other media
Decentralized dYdX Went Down Due to Reliance on Centralized Cloud Services cryptonews.com /3 years ago
The decentralization promised by DeFi is an 'illusion' and a threat to global financial stability, BIS warns markets.businessinsider.com /3 years ago
Decentralized leveraged trading platform to offer actual spot trading prices cointelegraph.com /3 years ago
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