‘Decentralized’ Exchange IDEX to Introduce Full KYC

IDEX, the world’s hottest decentralized change, is to transition to a full verification model. The switch comes days after the platform began excluding residents of New York State as part of its compliance efforts. Its latest measure, described by IDEX as “pragmatic decentralization” has drawn ire from a section of the cryptocurrency neighborhood.

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IDEX Goes Full KYC

A cryptocurrency change introducing know your purchaser (KYC) requirements isn’t usually headline info. When the platform in question is a decentralized change (DEX), nonetheless, generally one among many closing outposts of privateness, it’s a major talking stage. IDEX’s alternative could be monitored intently by the cryptocurrency neighborhood to see whether or not or not it’s an isolated incident or the type of points to come. IDEX’s dominant place all through the DEX market, capturing spherical 7x the shopping for and promoting amount of its…

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