Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: Galaxy on October 09, 2020, 12:35:40 PM
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CoFiX aims to improve on popular automatic market makers, the most popular of which is Uniswap. Coinbase, Dragonfly Capital and Huobi today invested $500,000 in CoFiX, a decentralized exchange.
CoFiX, founded in March by a Chinese-speaking team, falls under the umbrella term of decentralized finance. The term, also known as DeFi, refers to a multitude of non-custodial crypto financial products, such as loans, decentralized stablecoins and other synthetic derivatives, and decentralized exchanges—many of which popped up this summer.
Info link: https://decrypt.co/44208/coinbase-dragonfly-ethereum-dex-rival-uniswap