Review on RuDEX by Joseph Bello
The Russian decentralized exchange
Rudex is a Russian decentralized exchange that focus mainly on the Russian decentralized digital market. It allows you trade without the need for any verification, like the KYC verification which demands you take a picture of yourself and submit other necessary documents you have in your possession. The fee on the RUDEX is so cheap and affordable that the exchange traders pay 0.05% on every transaction irrespective of the position they are taking (maker or taker) . Rudex is yet to accept fiat as a means of purchase on its platform. Despite accepting US investor RuDEX has a very low and poor liquidity because the exchange has a very low trading volume that doesn't even exceeded $4000 every 24hours and this has also discourage many other people from trading on RUDEX .
Pros
- It is a decentralized exchange
- You can trade without verification
Cons
- Poor liquidity
- Low trade volume
- The exchange has little number of traders
