IDEX is a peer-to-peer platform that allows crypto traders to make transactions on a decentralized exchange. Unlike other decentralized exchanges, IDEX is a hybrid liquidity DEX that combines an order book model with Automated Market Making (AMM). This unique approach blends the performance and features of a traditional order book model with the security and liquidity of an AMM, resulting in the best features of both centralized and decentralized exchanges.
IDEX allows investors to minimize losses while trading by offering the finest spreads, eschewing failed transactions, and providing liquidity in real-time. In addition, users can stake IDEX coins. In 2019, IDEX proved to be a valuable outlet for US citizens who faced restrictions on altcoins based on ETH, particularly those that were banned by other major exchanges like Binance and Bittrex. This made IDEX the top choice for ETH-based decentralized exchanges in 2019.
Despite claims that IDEX lacks deep liquidity, it remains the first-ever hybrid liquidity DEX of its kind, making it a relevant player in the market. IDEX takes an innovative approach to decentralized exchanges by combining an off-chain trading engine with an on-chain trade settlement, providing users with several benefits.
