What about peer-to-peer trading using social channels? Is that still a thing in China or was this only an intermediate solution by the Chinese crypto community?
I have stopped trading on centralized exchanges a lot time ago, after experiencing problems from exchanges like BTC-E and Bitfinex not to mention Mt Gox. I currently use only decentralize exchanges and the best so far for me without a doubt is the WAVES PLATFORM. You trade directly from your wallet similar to ETHERDELTA but much faster. Check it out if you dont know about the WAVES PLATFORM.
www.wavesplatform.com. Also join their telegram group to learn more
https://t.me/Wavescommunity.
The way I understand it decentralized exchanges only enable you to trade tokens of the respective blockchain that they are based on, or am I mistaken? Because this unfortunately significantly narrows down the selection of tradeable assets.
I love seeing how much work is being done on decentralized exchanges, but as long as these constraints apply their utility is rather limited.