https://t.co/BOlh4wF1JuAnother big "DEX" falls down to the regulations, it's safe to say that they shouldn't be called a dex anymore. Same thing happens with Binance "DEX" they are all complying to these things killing the aspect of a DEX exchange.
The reactions from the customers is obviously negative, the exchange betrayed their audience and it will be interesting to see what happens to IDEX now. I won't use it anymore.
SwitchDex took advantage of this situation and published.
https://twitter.com/SwitchAg/status/1151580771762786306Their DEX looks good and they making sure privacy is the primary focus.
What other DEX you think will fall into the KYC hands and what DEX will you use now?
Honestly I'm not happy with this latest updates about on IDEX in terms of new rules they're going to have in the future which is KYC.
It is actually not suitable for a decentralized exchange will turn into centralized based system now. I won't get wonder if one day the volume of
IDEX will get decrease because for sure some of the traders will full their coins in this platform at once.
You can quote me on this. They will lose a LOT of the actual traders and will fake their volume (even more than before) for at least a year to make it seem like nothing changed.