Post
Topic
Board Exchanges
Re: What if OTC becomes like a DEX?!
by
posi
on 07/01/2020, 17:04:04 UTC
It's something impossible for me if OTC bevomes DEX.
If you could exchange your crypto assets with other participants between different blockchains directly and trustless — what should be the most important for you?
For me, the important is the KYC. There are lot of exchange nowadays or even before that has some problem with KYC, that's why some users are afraid to use centralized exchange, afraid their funds to be locked. Although there can be some reason why some exchange have this, especially in some jurisdiction matters.
But having an exchange without KYC is something amazing and I think DEX can something solve it.

Thanks for your KYS vision!


We tend to support KYC and privacy.


3. we could opensource the project and it could move without any KYC and contributed by any verified participant (we are not oriented for non-profit, so it is only for exception).  


Anyway assets of both sides of exchange under their control on any step of a deal. More details in project branch.

We trying to find real feedback from hodlers and investors who interested in OTC DeFi development.
I like the part that you're interested in liquidity increase and not influence the market price because a lot have said about OTC been used to manipulate the market price. But how are going to achieve this features of supporting KYC and privacy at the same time because the last time i checked OTC trading are done off exchange which i believe no KYC is needed.