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Topic: 0x (ZRX) will Moon as China closes Exchange (Read 617 times)

sr. member
Activity: 478
Merit: 250
September 16, 2017, 07:53:26 PM
#7
they will still need a fiat gateway anyway.
but im sure atomic swap, inter-blockchain transaction, and decentralized exchange protocol will be the hot topic.
I see centralize exchange may start running LN hub to enable atomic swap soon (maybe end of this year or beginning of next year)
full member
Activity: 560
Merit: 100
September 16, 2017, 02:03:21 PM
#6
Many exchanges are rushing to convert or setup decentralized exchange.
I am sure next year will be the year of Exchange war, centralized vs decentralized.
The current big players should have the headstart as they dominating the liquidity now.
Chinese BTC and altcoin holders are ready customer in-waiting.
full member
Activity: 266
Merit: 101
September 16, 2017, 01:11:17 PM
#5
0x is the protocol for atomic swaps of ERC-20 tokens on Ethereum network. It can't fill in the vacuum left by Chinese exchanges as it can't do crypto <-> fiat or blockchain <-> blockchain swaps. Don't get me wrong I like the project and I have also invested in it. But it has different usecases than you suggest. Moreover, not all Chinese exchanges were banned: Huobi and OKCoin were given approval, but they have to stop cny <-> crypto trading.
member
Activity: 119
Merit: 105
Semantically satiated.
September 16, 2017, 12:52:34 PM
#4
I don't think so. 0x is just a competition to the exchanges

It's not, 0x is a protocol that others exchange can build with, like EthFinex.

I do think projects enabling decentralized trading are very likely to gain in valuation if their product is good. In the case of 0x, the more successful platforms building on your protocol you have, the more it will drive the price of the token up given its use for the fees.
full member
Activity: 546
Merit: 105
Translation Service: English -> Polish
September 16, 2017, 12:44:14 PM
#3
I don't think so. 0x is just a competition to the exchanges
sr. member
Activity: 493
Merit: 250
September 16, 2017, 12:27:07 PM
#2
thats why coinbase and bitfinex supporting 0x project team.
newbie
Activity: 11
Merit: 0
September 16, 2017, 11:57:11 AM
#1
Lots of Exchanges are closing in China, I think 0x will be benefit from this as it can provide Chinese a decentralized way to trade their coins. Cheesy
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