Diving into decentralization: A breakdown of decentralized exchanges (infographic)

One of the easiest ways for users to interact with cryptocurrencies is through an exchange.

They offer a straightforward way to swap one currency for another – in some cases from fiat to crypto – and have been around almost since the beginnings of Bitcoin. The first-ever exchange, Bitcoin Market, was launched in 2010, with centralized and decentralized exchanges quickly popping up shortly after that.

Much has changed in the space since then. Centralized exchanges have become extremely commonplace and governments have introduced a slew of regulations to oversee them. Decentralized exchanges, on the other hand, may not be as popular with everyday traders, but they remain a cornerstone of the industry, helping users get the currencies they need.

Here’s a deep dive into what the landscape of decentralized exchanges looks like today.

Kyber Network’s KyberSwap is a decentralized exchange aggregator that enables users to swap, earn, and participate in DeFi in a seamless manner.

Read more about DeFi on Kyber Network’s website.

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