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GOEX Cryptocurrency Exchange Sidesteps Centralization

Reading Time: 2 minutes by on March 5, 2018 Press Releases

The main idea of cryptocurrencies is decentralization and the absence of intermediaries that impose their conditions on users. Then if the governments for now are not able to control cryptocurrency transactions, then these restrictions may imposed by marketplaces or by trading platforms.

Because of trading platforms have got high demand, such intermediaries may abuse their position. Existing cryptotrading platforms are mostly centralized and store clients’ money on their accounts. Unreliability, high cost of services or dishonesty are possible disadvantages that imposes a negative imprint on the cryptomarket life.

Naturally, the exchange can be made between users directly bypassing trading platforms using Peer-to-Peer (P2P). However, the need for trading platforms still exists. People want to manage their finances without any outside interference, but they need a quick exchange of their crypto currency at the market rate.

That’s why the GOEX project was created. GOEX is a cryptocurrency exchange service that provides fast and reliable exchange at the most profitable rates.

One of the main reasons for which platforms like GOEX are created are forecasts about the increase in trading volume of cryptocurrencies to the level of traditional financial assets. Thus, it is likely that in a few years the cryptocurrency will begin to dominate in the world financial markets.

The lack of services that would follow the blockchain philosophy (speed, anonymity, security and the absence of intermediaries) can lead to a loss of popularity of the cryptocurrency.

The overwhelming majority of crypto-instruments do not correspond to the philosophy of the blockchain because of their centralization, and the digital currencies stored on their accounts have become the favorite targets for hackers. Existing P2P services simply connect users to each other, but do not solve security problems. The GOEX project has removed all these disadvantages.

Through the user interface all the information about the prices of cryptocurrencies is available. You can make exchange in a matter of minutes.

Another interesting point of GOEX is that for rate calculation during exchange average price of similar transactions on the leading cryptoexchanges will be taken. Such conditions, according to Executive Director Ethan Collins, meet all the main requirements of active holders of cryptocurrencies, who will become the main customers of GOEX.


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