First Mover: Kyber Token’s Eightfold Increase Reveals Bet on Future Market-Share Growth
www.coindesk.com
Take Kyber Network Crystal (KNC), which is used to pay trading fees on the decentralized exchange Kyber. That compares with a 21% gain for Binance Coin (BNB), which customers of the exchange can use to pay trading fees, at a discounted rate.
The price moves are also driven by speculation over future growth, and cryptocurrency traders are betting that decentralized exchanges could gain market share over time. (CryptoCompare)
Decentralized exchanges (DEXs) such as Kyber are trading platforms constructed atop the Ethereum blockchain, with built-in programming known as “smart contracts” that allow trading to take place without a middleman to hold funds and match orders.
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