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Fomodex Hails as the First US Regulated DEX

Published 03/17/2022, 08:56 AM
Updated 03/17/2022, 09:00 AM
© Reuters.  Fomodex Hails as the First US Regulated DEX
BTC/USD
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  • FomoDex, the first DEX to be registered under the laws of Wyoming and the United States.
  • DEX provides the lowest fees to trade assets.
  • Decentralized exchanges enable low counterparty risk.

Trading on decentralized exchanges has many advantages: users get complete control over their cryptocurrency, it’s a safer and more private choice, and traders incur lower fees as compared to centralized exchanges. No wonder it’s the future! And now, the U.S. is about to have its first regulated decentralized exchange platform.

With the uncertainty around centralized exchanges right now and the growth in demand for decentralized exchanges, there is a concerning but valid question doing the rounds: are DEX platforms the future of exchanges?

BitMEX, which is the world’s largest Bitcoin (BTC) derivatives exchange by volume, received

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