Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Crypto asset trading has continued to skyrocket in 2021, reaching new and unprecedented records:
- Volumes reached USD 3.8 trillion in April 2021 when bitcoin reached its all-time high.
- Between August 2020 and 2021, the value traded on large decentralized exchanges (DEX), such as Curve, Uniswap, and PancakeSwap grew by about 550%
- Major Centralized Exchange (CEX) Binance’s spot cryptocurrency trading volumes totaled $ 789 billion in September, up from $ 454 billion (€ 390.7 billion) in July, while derivatives volumes increased by almost a year. 25% a USD 1.7 trillion.
DEXs have been gradually gaining market share from CEXs:
One of the main drivers of this trend is DEX’s perceived superiority on many fronts:
- DEXs replace a centralized authority with automated protocols that allow direct token trading and exchange, while CEX users give up control of your assets to the exchange servers.
- DEXs give the user full control of their assets, removing jurisdictional restrictions and eliminating the need for KYC procedures.
- DEXs generally have lower trading rates compared to CEX.
Despite their continued success, DEXs are still plagued by a number of significant challenges.
Additionally, DEXs have been the target of a growing number of cyber thefts and hacks:
DEXs have not been able to solve the many security challenges of CEXs. As the cryptocurrency trading sector continues to expand, there is strong demand in the market for an ultimate trading solution, one with all the advantages of DEXs, without their weaknesses. This solution is about to hit the market and its name is Privacy.
Privacy: Crypto Trading, reimagined.
Secretum is the world’s first and only fully decentralized, encrypted and secure commercial DApp built on the Solarium Blockchain. Secretum’s main innovation is to allow trading of all crypto assets (fungible and NFT) directly between users, through a hybrid messaging + trading function. The defining features of Secretum are a game changer for crypto trading.
- A secure and anonymous registration process, which only needs the user’s crypto wallet address, without emails, names or other personal data.
- A simple, intuitive and purely P2P trading interface to send and receive cryptocurrencies and NFT.
- A unique search function to locate specific NFT asset owners, allowing two parties to connect with each other solely via wallet and merchant address.
The advantages of Secretum over DEX are significant:
- No risk of confidential data leakage and full protection of the identity of crypto asset owners. All data is stored in independent and verified nodes in the Secretum network, without a central point of failure.
- Register low fees and almost instantaneous operations, thanks to Solana’s ability to 50,000 transactions per second and an average cost per transaction of only USD 0.00025. This compares favorably with the 0.1% to 0.3% + gas rates generally charged by DEXs.
Traders can directly contact each other and find hidden liquidity in crypto markets, improving execution times and prices.
Secretum is ready to unleash its platform at a time when major DEXs are reaching valuations well into the billions of dollars:
As the crypto trade continues to grow, hacking attacks and cyber theft will become an even bigger threat in terms of frequency and size. Therefore, investors will highly value a superior trading and private messaging platform with unmatched security features. By harnessing the power of the Solana Blockchain to deliver unique benefits to crypto traders, Secretum is positioning itself to be that platform. Secretum literary paper.
More about Secretum: https://secretum.io/
Join the community: https://t.me/secretum_global
Join the private round: [email protected]