The most user-friendly decentralized exchange on the Ethereum network
DDEX is one of the oldest decentralized exchanges on the Ethereum network. It claims to be the most user-friendly decentralized exchange for Ethereum-based tokens. The exchange was developed on top of Ethereum smart contracts and the 0x protocol, which allows their users to trade ERC-20 tokens from a wallet-to-wallet basis. Just like any decentralized exchange, DDEX does not rely on third parties to hold users’ assets and instead relies on smart contract capabilities. The trading on DDEX exchange occurs directly between buyers and sellers in a P2P network via an automated process.
The company said that their advantages compared to other exchanges are that DDEX is designed to provide liquidity for Ethereum and ERC-20 tokens directly from users’ wallets (using web3 apps such as MetaMask). On top of that, DDEX uses off-chain matching and on-chain settlement which will provide a more user-friendly experience for users to trade ERC-20 tokens on our platform. Users do not need to register for a DDEX account and can use it right away. With this structure, there is a lower possibility of theft, no uncertainty of deposit/withdrawal lockup periods, and on top of that, there are no withdrawal fees. DDEX also develops new products for the uses such as DeFi lending, margin trading, and so on.
On March 6, 2018, DDEX successfully raised around $2.1 in 2 rounds, with ZhenFund and Initialized Capital the recent investors. Bowen Wang is the co-founder of the company. According to Crunchbase, the company is currently headquartered in China.