On-chain foreign exchange refers to the direct exchange of different digital assets or cryptocurrencies conducted entirely on a blockchain network. This process utilizes smart contracts to facilitate atomic swaps or decentralized exchanges, removing the need for traditional intermediaries. It enables peer-to-peer currency conversions with transparent and verifiable execution.
Context
On-chain foreign exchange represents a significant advancement in decentralized finance, offering users greater control and transparency over their currency conversions. The current situation involves increasing development of sophisticated decentralized exchange protocols and liquidity pools to support a wider array of asset pairs. A key debate surrounds the regulatory classification and oversight of these decentralized trading venues.
The Kinexys platform extends its DLT-based payment rails to enable 24/7, near real-time transactional foreign exchange, optimizing global working capital.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
