Imagine losing all your crypto due to a hack or scam as we saw with Mt Gox, FTX, and others. That’s what gives DTX Exchange founder chills at night and one of the reasons they decided to build a decentralized trading platform, where crypto owners hold their assets in their own wallets.

Mt Gox repayments also affect the BTC and ETH prices 

The once-hacked exchange Mt Gox has transferred $2.7 billion worth of BTC to exchanges Binance, Coinbase, and Kraken, presumably in readiness to finally repay their creditors. 

When combined with all the US and German Government BTC selling and news, it’s no wonder BTC and ETH are down by 10-15% over the last week.

Still, respected traders such as Willy Woo (founder of Woo exchange) are saying that not only is the Mt Gox news already priced in, but that in reality, the selling pressure is likely to be overhyped.

The rationale is that people who were buying BTC 10-14 years ago, (when Mt Gox was active), continued to buy BTC and are unlikely to sell large swathes of Bitcoin, as they are already in profit.

Is DTX the answer to hacked exchanges and scattered functionality across various trading platforms? One expert says yes.

DTX solves issues with Binance, Coinbase, and Robinhood with hybrid exchange model

“Not your keys, not your crypto”. If you’ve never seen a 12 or 24 word seed phrase, or a private key, the chances are that you have your crypto stored by an exchange or broker such as Binance or Coinbase. And that leaves you vulnerable to hacks like those from Mt Gox and FTX.

And while Mt Gox repayments are slated to follow shortly, it’s been over ten long years for many, and those people won’t get the full amount of Bitcoin they lost.

In contrast, DTX Exchange wants to help bridge traditional assets to crypto, where holders and traders keep their crypto in their self-custodial wallets.

The solution is a decentralized exchange that offers the best of both worlds: 

Features like an order book for enhanced liquidity (instead of AMMs or Automated Market Makers), ‘lightning-fast execution speeds’ of 0.04 seconds, and perhaps most significantly, hundreds of thousands of TradFi trading products such as stocks, forex, bonds, indices, and CFDs. And of course, crypto. 

Then add in leverage of up to 1000x. 

The result is that DTX is offering something that Binance, Coinbase, and other CeFi (Centralized Finance) platforms cannot.

Robinhood is one of DTX’s biggest competitors since they offer trading of crypto and stocks. But as they are centralized they suffer from all the problems mentioned. And they aren’t able to offer nearly as many products or as much leverage, due to their centralized nature and the surrounding regulations.

DTX exchange also aims to give back to their users, offering 0% commission and cashback for high-volume traders.

So how high could DTX Exchange go? 

All presales contain some risk, but they also have the potential for outsized rewards.

To understand the potential of DTX Exchange as a competitor to existing exchanges like Coinbase, we must assess the space.

Firstly let’s recall Binance’s BNB presale which began at $0.15, and now trades at $479 per coin, that’s a gain of around 32,500%.

Now consider that the Robinhood app has over 11 million active accounts, and reached its peak popularity in 2021 when many crypto traders joined in the GameStop stock short squeeze saga. 

Then add the fact that the trading market is worth $2.2 trillion. 

This all leads us to the potential for DTX to grow and evolve into THE decentralized solution for all kinds of trading – bridging crypto with traditional assets. 

Analyst Kamal Gupta told us that he’s never seen a presale he feels so bullish about. And it seems the crypto community is behind him as a further $100,000 has been raised for DTX in the last 2 days. 

“Crypto may be going down right now but DTX is just beginning its ascent”, said Gupta. “CEXs like Binance and Coinbase are struggling to innovate and keep up with regulations, and hacks like Mt Gox prove how unsafe CeFi can be. But DTX has the solutions just waiting to be deployed.”

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