List of Decentralized Crypto Exchanges

Hi there,

If you are in the crypto space for a while you may be familiar with the concept of decentralized exchanges. If not they are the same as any ordinary crypto exchanges out there but the key difference is in the decentralized nature. So far centralized exchanges like Binance, BitFinex or any other are dominant in the crypto exchange market when it comes to trading or simply exchanging one crypto for another.

But also there are those who run on a decentralized system, on a public blockchain, that do not have a central authority, or a body deciding on the actions the exchange needs to follow. Using this kind of crypto exchange have many positive aspects to consider, among them is the freedom of exchanging crypto assets, tokens or currencies without a central body.

There are many out there that are either planned, in development or fully functioning for anybody to use them. In the list below you can find 5 decentralized crypto exchanges you can start using today.

Exchange	Protocol	Asset
0x	0x	ERC20 Tokens
Bancor	bancor protocol	ERC20 Tokens
BitShares	bitshares protocol (DPOS)	Bitshares, Bitshares SmartCoins
KyberNetwork	kyber protocol	ERC20 Tokens
Stellar	stellar consensus protocol	Stellar Assets

These are five decentralized exchanges that are fully operational and you can start using them today. For a full list of decentralized exchanges that are either in development or are planned, check out this link.

_{Image source: iSchoolatSyracuse}

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