Decentralized Exchanges are a Must
In a half a trillion dollar industry with growing interest it is just a matter of time until Coinbase which dominates the United States market share in the Cryptocurrency world is contested if not abolished by a new exchange. A fiat gateway is essentially what Coinbase provides to most customers and this allows people to trade four currency's currently listed on the exchange Bitcoin, Bitcoin Cash, Ripple and Litecoin but what about when users seek to trade more of the hundreds of alt-coins, they are forced to transfer fiat to one of these currencys listed on coinbase preferably the cheapest and fastest coin and then send it to a Exchange such as Binance and when there coin is deposited there they then can convert that coin to whichever alt-coin they desire. There is many issues with this inefficient process of buying alt-coins and one of the main ones being if you are a high volume trader each event in this process is taxable and also very time consuming and not user friendly to an average person, not to mention that just about every exchange currently is volatile in performance and reliability as this is a new space. So what is the solution to these problems? Two words, decentralized exchanges are the answer, without these exchanges crypto can never really be safe from government rule as the United States government could just go to Coinbase and file a law suit against them, the government would have no power to take the money out of the hands of the people with decentralized exchanges. Also there would be no hacks or downtime as well as anonymity with a full control of funds for users. Without decentralized exchanges the crypto world will never be safe from government crackdown or mass downtime and panic, but theres good news many projects are already in development if not yet released in order to create these exchanges putting power in the hands of the people.