DAEX (DAX)

The goal of DAEX is to provide a much better infrastructure the cryptocurrency trading business by using the reasonable parts for the mainstream securities trading business and also by using advantages of newer opportunities as a result of the distributed ledger technology. Specifically, trading and clearing will be separated into different entities. Current centralized exchanges continues to provide trading service. But the clearing perform will likely be managed over to a common clearing service which relies on the DAEX solution. But, various from current central clearing service, the DAEX clearing services relies on distributed ledger technology. The distributed ledger technologies guarantees that trades are properly and safely cleared and settled. By using distributed ledger technologies, trader’s assets are kept in their own personal accounts regarding the blockchain. No one else can access traders’ assets without their permissions. This effectively removes trader’s asset risks in present centralized exchanges. The DAEX solution will be an open sourced clearing service considering a public blockchain. Its code try open for public inspection and supervision.