EOSFinex is run by a regulated, centralized company, and here's what to expect and what to not expect in my opinion

3rd Party Centralized Gateways

Same as on BitShares, you will be able to deposit for example Bitcoin to EOSFinex, and they will issue FINEX.BTC to your account. After trading it, you will be able to withdraw via their centralized gateway.

That's cool, but nothing groundbreaking

USD

See above, just added KYC/AML shenanigans.

There's just no way around it

Decentralized Trading

This will be a thing, hopefully. With smartcontract based order matching etc for native EOS Tokens.

That's what DeltaDEX claims to do already, by the way

So what's the actual benefit?

Good question. EOSFinex will be subject to most of the centralized risks, such as losing gateway funds to hacks and KYC/AML regulations.

The only good thing compared to a traditional CEX is that the order books and matching is transparent, and can not be gamed/manipulated by a single party.

Still bad, but better than nothing, I'd say. A working dollar stable coin would make "true" DEX a lot more interesting than EOSFinex.



Secure & Anonymous VPN - Uploadfilter? Censorship? No Thanks!

Social Media

🐦Twitter || 🎮Discord || ♨️Steem || 🐳WLS || 📺BitTube