By Chris Perrotta — October 5, 2018
Bithumb is following the trend and will be launching their own decentralized exchange by the end of October. By launching this exchange “through its overseas subsidiary,” they can avoid South Korean regulatory laws and launch this product to investors all over the world.
By partnering with OneRoot, they will be providing their Ethereum-based R1 transaction protocol, they will have a protocol that is “more efficient” than other protocols. They believe that their protocol is more efficient because they separate the matching and order execution.
“Bithumb’s latest decision seems to be the company’s strategy to compete with other leading exchanges in the global market by opening a decentralized exchange that receives attention in the global market.” -Business Korea Source
Bithumb isn’t the only exchange planning on launching a decentralized exchange, InterStellar has launched StellarX DEX, Binance is launching its decentralized exchange as a beta in early 2019, and many other coins like ZRX, Bancor, Komodo, and many more.
According to Changpeng Zhao (CZ) “decentralized exchanges are the future, but it’s going to take a few years to get there.”
Originally published at altcoinbuzz.io on OCTOBER 5, 2018.
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Telegram: https://t.me/joinchat/H0KlAUhqYUJIz2pShMyHPgOriginally published at altcoinbuzz.io on OCTOBER 2, 2018.
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