Dex Brokerage integrates with Kyber Network
Dex Brokerage is excited to announce the finalization of our integration with Kyber Network!
Within the world of exchanges, everyone wants the trading speeds and user experience of a centralized exchange, with the security of a decentralized exchange. Most of the time you’ll have a vulnerable system but an amazing user interface — or vice versa, a bulletproof system with a trading platform that was harder to use than a car with no wheels. The Dex Brokerage team sought to develop an easy to use platform for any casual or professional trader to use, however, we kept running into the same issue: LIQUIDITY. Don’t get us wrong, it’s not just us — every DEX has run into this issue as well.
SO WHAT’S THE BIG DEAL ABOUT LIQUIDITY?
For those who are not familiar with the concept, Liquidity refers to the extent to which a market allows assets to be bought and sold at stable prices. Lower liquidity tends to result in a more volatile market (especially when large orders are placed), and it causes prices to change more drastically; whereas higher liquidity creates a less volatile market, and prices do not fluctuate as significantly. Decentralized exchanges have historically lacked a large enough user base to command a liquidity base. Therefore, the user experience was poor and the fees were high.
HOW WILL KYBER NETWORK EXPAND LIQUIDITY FOR DEX BROKERAGE?
The Kyber Network is an on-chain liquidity protocol with a unique reserve system model that not only provides our traders the liquidity for price matching, but also provides a stable environment to trade in.
Each of the reserves on Kyber represents decentralized liquidity powered by the community. The reserves comprise of dedicated liquidity providers that are connected to diverse stakeholders in the ecosystem. These include anyone tapped into the system creating an extensive network of reserves for everyone to trade through.
“Finding a solution to the liquidity issue has always been a part of our dense roadmap, and I can’t thank the team at Kyber enough for what they’ve provided for us and the industry. Our integration with Kyber will be a key factor for us to grow our platform and ultimately push us one step closer to validating this maturing industry while providing the best service possible.”
- Alex George, DEX Brokerage CEO
So for those who were there with us from the beginning till now, we just want to give you all a shoutout for all the support! And welcome all our new members to our new community and look forward to growing together!
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Connect with us:
Website: dexbrokerage.com
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Reddit: https://www.reddit.com/r/dexbrokerage/
Inquiries: support@dexbrokerage.com
