$1.4 billion. That’s how much thieves have stolen in total from third-party crypto exchanges, according to research by The Block in February. Not to mention the QuadrigaCX debacle.
It should come as no surprise then that allowing users to secure their assets while trading is an important differentiator for exchanges. That’s where DEXs – or decentralised exchanges – have started to be of interest; essentially, dApps that allow for peer-to-peer trading and provide liquidity; making them hack-proof. This includes the likes of 0x, IDEX, and Kyber Network, with most built on the Ethereum, EOS, or NEO blockchains.