0x (ZRX): A Liquidity Aggregator to Beat?
Through exchanges, cryptocurrency holders are able to buy and sell their coins and other digital assets with ease. While most beginning traders prefer the use of centralized exchanges (CEX) due to their user-friendly interfaces, decentralized finance (DeFi) has gained popularity amongst traders for offering decentralized protocols. While there are a growing number of these decentralized exchanges available for cryptocurrency holders to use, 0x stands apart from other crypto exchanges in a few exciting ways.
What Is 0x?
0x is an increasingly popular DeFi exchange that supports trade transactions across multiple blockchains. As a liquidity aggregator, its functionality includes searching for the best deal for each requested transaction across a large network of exchanges.
Because this exchange scours numerous other leading exchanges in the crypto space in search of the best price and lowest fees, 0x stands apart from other exchanges and offers beneficial utility to its many users. In some cases, the best deal available is to break up a transaction across multiple exchanges, which 0x will present to users. 0x has a user-friendly design. With a formal registration process, its users only need to connect their established wallets to start making exchanges.