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Another big "DEX" falls down to the regulations, it's safe to say that they shouldn't be called a dex anymore. Same thing happens with Binance "DEX" they are all complying to these things killing the aspect of a DEX exchange.

The reactions from the customers is obviously negative, the exchange betrayed their audience and it will be interesting to see what happens to IDEX now. I won't use it anymore.

SwitchDex took advantage of this situation and published. https://twitter.com/SwitchAg/status/1151580771762786306
Their DEX looks good and they making sure privacy is the primary focus.

What other DEX you think will fall into the KYC hands and what DEX will you use now?

This has been known for a while that IDEX will be requiring KYC. Their verification is even worst than known centralized exchanges. I mean submitting name, birthday, and country for a $5,000 limit (tier 1) is just absurd. With this change, I think DDEX will take over as the top DEX.

WTH, a DEX requires creating a new account by email, so I don't know at what point "decentralized" it is? So long ago we just need to connect our wallet to DEX. Yes I'll see what will happen with IDEX.
I only use IDEX and sometime forkdelta. Binance DEX doesn't support ERC20 tokens. Other DEXs don't have volume. So what should we do now??

I will not be surprised if some decentralized exchanges start asking for kycs. Point is, depending on which country there business is located, and if there are regulation for them to follow, what do we expect? One this is, I don't believe in decentralization in cryptocurrency because no matter how we see this, we need regulation to fight the bad eggs amongst us

When I saw this news, I didn't know if I should start laughing or crying, decentralised exchanges was made initially to promote anonymous trading but with this KYC that has been added, that has siezed to be the case, I am sure that the volume in Idex would suddenly plummet when it is fully implemented.

I'm really sorry that this kind of happens to DEX an exchange site which claims to be decentralized exchange but we don't what leads to this decision and I believed they will later change their name and logo soon. But to be honest, if we want crypto to go mainstream there must some change just like what DEX did.

this is a setback for the exchange of decentralization. why should there be KYC on IDEX, no longer anonymous. then what's the difference with centralized exchange then.

from now on we can no longer say idex is an exchange of decentralization

I have the same question really. I personally think a decentralized exchange where I need only a private key to use the exchange. and it's safe where only I can control my wallet.

And the other hand I am not agreed with dex is asking kyc.

lets all go back to forkdelta. idex is full of bots anyway.

If the real DEX needs kyc, then I won't use this DEX again. I believe there will always be other DEX to replace. Dex's need for KYC has gone against the original intent of a decentralized exchange. Such privacy can not be guaranteed.

Idex has lost its reputation as decentralized exchange after it announced it's KYC along with other regulative measures, I think the crypto space is becoming more centralized daily, and very soon almost  all other big decentralized exchanges may follow.

It is something there is behind this unexpected change, it surely there is a negative impact on the market and itself. 
Have this thing sorted out and let's find out how much it changes the market price or still at ease. It is still in the process and it (might) change their decision if they listen to the majority of the market players.

I am sure they are doing this to comply with local regulators especially the country from where they are operating to save them from any regulatory trouble. I remember the time how i used to trade at idex but then they took the other side and started de listing a lot of tokens which according to them was not complying with regulators rules, in the longterm they could benefit from this but short term i think they have lost a large number of traders and volume.

KYC for a decentralised exchange? I think we should check the skies for flying pigs check the lands for walking fish, there is really nothing that is impossible at this stage, this is something that I never considered would ever happen, evidently it's happening already.

IDEX is being love by the traders due to its free trading identity.
If three will be a KYC on it then i will just go to bigger excahnges.
I thought DEX is the exchange of the future.

Crypto market has caved in under regulators  :( How can kyc be mandatory on a decentralized exchange? How can it remain decentralized in such case? I consider this a defeat for each of us who hoped to gain freedom from the government with the help of cryptocurrency

This is really a bad move by Idex because one thing is sure; they will lose their users big time. KYC is a No No to decentralization and IDex have broken their ties with decentralization. What then is the difference between them and other centralized exchanges? Even other centralized exchanges offers more UI than them. Nevertheless, I see this as an avenue for another DEX to take over and might be likely DDEX.

Why will a decentralized exchange be demanding for KYC, it is weird so to say, The decentralized exchange that I have known only require your private keys, keystore file and mnemonic to be able to trade. I do not see an exchange that requires email and password for singing up as being decentralized

I read the announcement yesterday and I was shocked. I have known idex to be a semi-decentralized exchange but I didn't know it will get to these full centralized qualities. The question that begs for answer remains if cryptocurrency is gradually getting forced into centralization

every exchage is trying to pleased regulators in other to retain their exchange in the space but the aim of this main space in not been followed anymore which is at very risky and putting people back in to government hand in other to check and balance laundering in the system but when we talk about DEX then i think the client need some privacy .

I've heard of the news before and after reading some of the opinions before their switch. It's said that they are semi-centralized and I've known that while using them.
People will start looking for a nicer DEX at these times, there's still plenty of them.

They not dex any more. Such a shame they looked like they would stay that way. Now they a CEX exchange.

But they are not ridicuous like other exchanges that want KYC event to trade dust

read



Tier 1 Verification — After creating an account with a valid email address, you will be asked to provide your name, date of birth and country. Once the information is submitted, verification is instant, and you will be approved for unlimited trades and withdrawals of up to $5,000 USD per day.


Tier 2 Verification — For users who want to withdraw more than $5,000 USD per day, you will be asked to provide your address, a passport (or other approved ID), and a selfie. Once the information is submitted, verification can take as little as 30 seconds, and then you will be approved for unlimited trades and unlimited withdrawals.



Only people moving more then 5k usd a day must do full KYC, this is fair and makes sense.


I complain. I don't give my KYC to anyone. Not every country abides by us law so not everyone has to follow FATF.

By doing so means Idex is no longer a decentralized exchange  as simple as that and they should wait for the end result which will be bad of course. The main reason users, investors or traders use Idex is because of its decentralized nature and since they can't offer it any longer means that it's better to check other decentralized exchanges. It's sad they took this step.

Guys check SwitchDex first, mess around with the site and research their goals. I believe this could be the one to replace IDEX.

For the people saying DDEX i did some research and in their FAQ they do say that can actually collect your info and store it in case you break their rules. A real dex won't do this.

Not a good news to hear. I am an avid IDEX user and if this is true then i think it would be the end of Idex. Fast and anonymous are the properties of an exchange that users are looking for and Idex have that.

A better platform will always be created and rise from the market. So it is only up to the user which one they will patronize and utilize according to their needs and requirements at that time. So even if these previously DEX are now requiring KYC protocol, it is still up to the user if he will continue to use that or find a better deal from other exchanges.

I’m with you regarding ddex, the exchange is building up its massive growth
And is becoming a Fotress because tokens listed on ddex Tend to reach a increase I price which it were

Unlike sef asking for kyc, ddex Platform is fully decentralized

Here is the source on what i said about DDEX - https://ddex.zendesk.com/hc/en-us/articles/115004488814-User-Agreement - 3rd paragraph

There are still so many decentralized exchanges that are yet to demand for KYC and of which I am not surprised about that, because IDEX already mentioned it a long time ago. Also what is the assurance that those taking the advantage will not also make such demand in future.

This moves that IDEX has done place the exchange being centralized as they are requiring KYC and not the same with other dex where you can deal and trade without compromising your personal information, if they've been force for business securities we don't have any other options but to comply if we do wanted to use their platform.

if this news become reality, i tink another DEX will do same thing too
so, there is no more privacy on decentralized exchange anymore,
and i'm sure people will choose centralized exchange rather than decentralized exchange if KYC become mandatory on DEX

It is hard to accept for some traders who likely enjoying the service being semi-decentralized exchange. In my own opinion it would be easier for them not to accept regulations for the dignity of the members in the community.

Actually this is the idiotic idea of IDEX exchange and I believe that this exchange will soon be forgotten in the near future because there will not be anyone who wants to do KYC in decentralized exchanges. I believe that people will tend to move to Forkdelta more in the future and many other decentralized exchanges will soon be released more so this is the biggest mistake of IDEX.

This implementation would rather take more time in order to be successful, and as mentioned that's not easy to do. Many traders wanted an anonymous identity in order to protect their personalities,  and now this plans surprises everyone here. I don't think long time traders can handle this and possibly customers will be reduced.

This is a very serious issue with IDEX, a powerful invincible hand must be controlling them from the top to have been requiring KYC, I thought I just trade with my Private wallet and withdraw too to my private wallet without any protocol. DDex works fine, only that one gets to unwrap ETH, but all other eRC20 tokens are automatically sent to my private wallet. Maybe they should be blocking US IP if the USA government are the ones asking for KYC compliance.

With these requirements, I wonder if there are still people who are still going to use it. I've never used it personally and only heard people using it here. Especially the $5,000 thing is just bs. And also, the essence of being a DEX is already gone.

I read on one article about this SwitchDex and it looks interesting and being promoted by Mcafee as a legit and real decentralized exchange, I'm looking forward to using this DEX after this news that IDEX is now regulated although there are still a lot of DEX's in the market.

This should be starting on the 24th of July, it's a bad signal to the anonymity of DEX users. Idex platform has been very fantastic to ERC20 token traders. I wonder how traders will respond to this. Another bad one for Idex exchange.  

One of some simple exchange that i used before , simply to use only input my wallet pk there , but now after this news, this exchange won't be special anymore. forcing their member to create account and verified for unlimited withdrawal. i guess we can move and look for another decentralized exchange

Switchdex is no US based company and it's different with idex as the operation is located in US and that must comply with US regulation. Im using it right now but UI needs a lot of improvisation consider about im not even feeling comfort to see that.

It's no longer a DEX, it is more than a centralized exchange, cause it cheats with the users. Suddenly changed the rules with a short time frame, I'm sure many people will lose funds due to this issue. I don't know about Binance DEX yet, is it require KYC? If yes, why people call it a DEX?
Exchanges are thinking that making a non-custodial trading platform is a proper decentralized exchange. They need to learn again.

I have not been trading on this exchange for a long time, since it has long lost its decentralization. She forbids me to trade on her platform at all, referring to the sanctions of the US government. And the introduction of user identification will alienate the old users from the exchange, thereby the sales volumes will fall and many trade pairs will get delisting.

besides IDEX news, do the binance DEX will complying a KYC too? i have never heard about it.
Maybe someone can put me the link

If IDEX is required the users to pass KYC to use their platform then they're no different than CEX. They even asking users to provide email for basic level along with name, date birth & country. I'm quite often using IDEX as i like its ui but i think i should move on.

Totally agree with you all these regulations are killing the decentralized part of a DEX. If this continues to happen then I think soon we will see every DEX and CEX asking for KYC.

I don't understand why IDEX's owner came up with this request. What they are think wrong about exchange decentralization

Now the rules are changing and regulations are coming. every company follows the regulation if survive in the market. So every company asking for KYC.

in my opinion, idex will forfeit a lot of users if KYC required for this decentralized exchange
i believe people used this exchange, because they didn't need to fill a complicated form when they want to trade an ethereum tokens in this exchange
and maybe idex should change the name, because with KYC this exchange is not a decentralized exchange anymore but become a centralized exchange  ;)

I thought dex are decentralized and anonymous it will be a surprise for them to change that and trying to centralized themselves again buy submitting to the regulations. I hope one day we would wake up and started to see that regulate has taking over all dex? It is with this mind that make bitmax is being tempted to KYC customers now as more pressure is advancing from the USA government.

That's correct SwitchDex is not an US company. I also agree with the general consensus on this thread, having a DEX in the US is impossible, just a matter of time for KYC and regulations to arrive.

If this is true, then it is a big blow to idex. They shouldn't be called a dex anymore.

I never use Idex until and unless I don't have any other option. Otherwise forkdelta is my go to Dex.

Nice move from switchdex.

But if we are talking about IDEX, they most likely dont have a choice, they did not want to pay huge amount of money to settle with SEC . This would not be the first time.

This shows how regulations is suffocating dex exchanges . To be honest, I think that SEC is absolutely stupid to go after tokens as securities , old farts enforcing century old law on new technology.

It shouldn't ask unless you try to withdraw funds more than certain amount of USD. Forkdelta isn't asking KYC and this is the only so far that I knew. The new ones today are doing all these KYC even when they were doing campaigns yet.  It doesn't make sense anymore calling them DEX anymore but I guess its all for the label now. Project like Eterbase exchange seem not asking for KYC too I tried to register last night though, they are not considered DEX and so I guess it could change one day.

if there has been a negative response from traders who are their supporters, it will be bad for the development of IDEX if this continues with the developer. speculation that might kill their own exchange. or maybe it will help IDEX in managing the assets listed there.

I just read this, I see they don't seem to deserve to be called decentralization, because it uses KYC for all users, but I will read deeper sometimes we just read the title without reading the contents of the explanation, if indeed it happens to all users I think they can't be called DEX anymore

I am not in any way surprised if any decentralized exchange asks for kYC in the long run. Truth is, as long as the government becomes interested in cryptocurrency, then soon many projects will have to follow compliance and have to be regulated

Yeah , how can they compete with other centralized exchanges such as binance or bitfinex? Why do I need to go through kyc on idex, if by completing it on binance I can get many times more features and functionality for trading? I think this decision will have a negative effect on their business.

Obviously any decentralized exchange complying to KYC is no longer fit to be called a DEX. When I first saw the info about IDEX starting KYC soon, I thought it was a prank until I confirmed the info.

or maybe the developer plans to make IDEX an exchange like binance that has their own dex and centralized. it's possible if they plan more than we do.

That is the worse thing. IDEX's conversion into a centralized exchange is not just their loss but a win of the government regulators. It is sad that IDEX has to bid good bye as a DEX not out of their willful choice but because they are compelled to do so. Well, it is for their continuous operation.

IDEX has been my choice ever since EtherDelta went astray. I have been using centralized exchanges mostly for now. I cannot say which DEX I will be shifting in case I need one.  

I believe the current situation with cryptocurrency and goverments relationship will make all "DEX" comply to the regulations and at the end it will leave those exchanges that actually care about privacy and stay true to the definition of dex

Somehow i think for exchanges that wanted to go long run, implementing kyc is unavoid-able imo

This is because Fraud are using these tech to scam people, but without regulations, it is hard to protect most users
Hence, at some point, i believe regulations exist for reason

If IDEX requires KYC then It's no better than centralized exchange, Centralized exchange at least are better provider of liquidity. I guess I'd have to use something that truly is a DEX, Currently leaning towards AtomicDEX, I hope it wouldn't disappoint me.

I think that now you should not look for some kind of good decentralized exchange. It is best to trade on a centralized exchange. good decentralized exchanges will appear only in a few years

This is not serious, if so, then it's time to switch to DDEX.  I have never traded there and it is necessary to study this exchange.  We will trade on ForkDelta.  It is a pity of course, I liked the IDEX exchange.

I'm still finding it so hard to believe that IDEX will be fully KYC compliant. What will a DEX be doing with KYC? . When I first saw this update, it looked more like a prank to me. Well, they have their reasons probably some authorities gave them that order. With this new development, I doubt if people using IDEX solely because it's a decentralized exchange will continue using it especially if the KYC is made compulsory as rumors have it.

When the government are doing everything possible to frustrate cryptocurrency exchanges by complying with the rules and regulations. DEX are going to obey the government to keep safe lime others. Many of them will comply with government policy of exchanges.

I think IDEX follow some exchange requiring kyc or asking idenfication for those users have huge amount of volume of coins into idex to protect uses crypto for illegal activities. That only my opionion beacuse bittrex and poloniex is also asking user identity information.

Yes it is, but it looks like the KYC implementation will not be implemented by the idex team as soon as possible, they need to test about the confidence of the users with the KYC implementation.
This exchange site can't be called a decentralized exchange again.

This is not good at all and most especially for a DEX like Idex and this might drag them down. Most people feel comfortable using Idex because of the security of their personal information and now it is no longer viable they might move to other DEX. Also, another DEX which might be good is DDEX, i have been using it and it's quite okay.

Maybe easy to say wouldn't using IDEX for now. But, you know, sometimes projects just on IDEX exchange for a long time, are you sure if you got tokens thats only available on IDEX, will never use IDEX?

I aggree with OP, with KYC, i think we can stop call idex as decentralized exchange.

One of the most used DEX exchange. However, I rarely trade more than $ 5k on a DEX. So I think KYC will not affect me. I will still continue to use it without having verification.

In most actual DEX you can trade any token you want, that's part of the DEX beauty, being able to trade any token without waiting for the exchange to do this or having the project pay for their listing. A truly innovative and necessary function to stop exchanges monopoly.

Honestly I'm not happy with this latest updates about on IDEX in terms of new rules they're going to have in the future which is KYC.
It is actually not suitable for a decentralized exchange will turn into centralized based system now. I won't get wonder if one day the volume of
IDEX will get decrease because for sure some of the traders will full their coins in this platform at once.

some of the coins listed there are also new coins which were the first to release an exchange from a new project. maybe I just use it to trade coins that I got from the bounty listed there.

You can quote me on this. They will lose a LOT of the actual traders and will fake their volume (even more than before) for at least a year to make it seem like nothing changed.

So idex is need kyc from customer now? That's even worse news for Dex exchange. Don't get the idea why they need kyc since they're Dex and not centralized exchange?
But let them anyway, I usually still use cex over dex. But sometimes I use Dex like idex and I don't like their idea like this.

That's indeed to avoid scammers or money laundering even it is to prevent any possible criminality and that's why it's named Know Your Customer.
Though I'd agree that there's rarely someone who trade huge chunks of crypto in there, most of them are just small players. But, still this decentralized exchange is kind of iconic.

of course, many traders who use IDEX for trading will not like it like you do. it makes no sense whatsoever that can happen, this is something that IDEX really did very badly. they must realize they can lose their traders. because now binance dex is very active.

I guess this depends on person now but in my opinion DEX means completes privacy, a free land with no regulations of any government and 0 censorship. Obviously money laundry might happen but this is currently happening in many exchanges and banks with no problems and it's been going on for years, so why accept this new regulation on a DEX and believe this is change is for good? I do not think any exchange should be called a DEX if they apply these kind of measures.

I think it is a semi-decentralized exchange and not a real DEX.  Same as binance DEX.
Hope the community is learning not to place its hopes on similar exchanges.  If it is not a real Decentralized exchange , it is not a Decentralized exchange




 Probably most decentralized exchanges with Central servers or that are centrally control

That is not a good one from them and will only make them lose their users or the confidence placed on them. Privacy while trading is one of the main characteristics of Idex now losing that means they have lost the main character that defines them.

Apparently, IDEX is remodelling itself to operate as a full CEX since it got tired of playing the Half CEX - half DEX exchange. On the impact of this management decision on IDEX,  I think IDEX will loose more customers who actually trade easily on it but can't do so again

When I saw this update on twitter, I thought it's a joke. If IDEX start KYC, then I can't call it a decentralized exchange anymore. Is it that they are trying to comply with authorities or what?

I have to admit that i am a avid user of IDEX since their platform is user-friendly and very private, no registration but with this current move of their developers i can be sure that some users will stay away from them.

The only thing that you have seen in common with all of them is the KYC they have all been requesting for, and this should have sent signal to you that they do  this because when it involves anything that is link to money, it is part of government regulation for them to do such thing, because these companies is also being regulated, their actions might not be regulated yet, I mean their cryptocurrency activities, but most of them have physical locations and so long they have physical location, they are still banded by the law of the land.

Requesting for KYC has not defeated any objective to me, because they need to be careful too despite the fact is DEX and strong, people can still use it to launder money, so if you have nothing to hide, I don’t see reason why then KYC should be an issue.

Why will a decentralized exchange be complying to KYC, it removes that aspect of decentralization from it.  I saw this earlier and didn't really take it seriously, many will back off from IDEX if this is implemented.

IDEX is really wrong when forcing users to provide KYC. it was no longer true to the nature of the word "DEX".
DEX stands for Decentralized Exchange, it is a non-central exchange, so why do they need to know the identity of the trader?
they will be right when their name is ICEX instead of IDEX.

It is very misleading. I think they may have lost many customers. Seems they lost you and I so there must be others too. The thing is there are more exchanges coming out that are DEX and work like IDEX as well.
Other exchanges can build their reputation and take the place of the old ones. There will always be Dex exchanges out. It is just the nature of crypto to be decentralized and many will support that and should support that.

then it is not a decentralized exchange anymore, it can't be called dex anymore because of that regulation. A dex itself should provide people anonymous trading capability and by doing regulations, we can't achieve that. instead of using those so called dex that got regulated. Use centralized exchanges instead like binance.

since idex made a tweet about KYC that will begin on the 24th of tomorrow, I see a lot of replies disagreeing about the KYC system. hmm idex is not dex anymore and maybe idex users will use another exchange dex. ( Switchdex or Maybe Forkdelta )

I don't think IDEX implementing KYC is a good idea. Irregardless of the "reasons" they provide, i think it may be because the IDEX founders are US citizens and SEC are tightening their regulations. The same thing happened to this "DEX" called Aphelion on NEO blockchain.

KYC is required for CEX because they hold users' funds and transaction cant be tracked through the blockchain. But DEXs already provide the transparency necessary that we shouldn't need to go through KYC/AML. A DEX should be accessible to all, owned by no one.

Implementing KYC is like taking away the essence of being a DEX.

At the beginning, that's what I thought too, but we cannot stop regulation, we have the government to govern its people and we are its people.
I also even thought bitcoin should not be regulated because it's also decentralized but my expectation did not take place, they(government) won the battle and again we are here to abide on the law.

WTH, KYC for a decentralized exchange? this is very strange, idex is no longer DEX but CEX and I think there will be many users who leave this exchange including me

Precisely on July 24, but there will be a new DEX exchange that truly safeguards privacy, AML regulations making IDEX exchanges make this decision, the trading volume there is high but after KYC regulations, I think the trading volume will decrease, I still haven't see DEX exchanges that have almost the same volume as IDEX, this situation will make other DEX exchanges the opportunity to truly safeguard the privacy of crypto traders and switch to other DEX exchanges

Support other DEX! We can't expect that the actual DEX that stay true to the meaning of the word dex get some volume if everyone just waits for volume to magicly appear. Do an order in other exchanges even if it is small, you are helping to shape the industry standard by rewarding the exchanges that actually work and stay decentralized.

Be part of the change.

Seems like IDEX became just a regular small exchange, without any interest from the customers side... Looks like DEXs just cant handle a regulation pressure, thats pity, but it is a nowadays reality, maybe it is too early for real DEXs. Use Etherdelta, TRUE DEX haha ;D

This is a very bad news, because IDEX was my favourite decentralised exchange and now I do not see the point of such exchanges. It is not even a DEX anymore, because decentralised means anonymous and safe.

have been trying to find out which country IDEX is situated. I had to leave and move all my coin from the exchange before July 24, I will miss some of those decentralized factors. It is disheartening that the so called government that we said cant control the space are now getting to be in charge. I believe new improved decentralized exchanges will come up without request for KYC, maybe from a crypto-friendly community.

already normal see the market must fill KYC for member even though it's a small market like idex, I personally will do the task,  because Idex has a large volume and many new tokens listing on Idex

Traders who believes with dex will definitely move away from this kinds of regulations, Dex should stay unregulated and the real intentions of this industry should stay, crypto need to remain anonymous and not what's happening now, KYC will be for CEX as it's regulated by centralized management.

Complying to KYC and other regulations means that Idex is dead to decentralization and that's awful. Decentralized has been one of the features that keeps Idex running while attracting more users and with that lost then the end might be near for them because other DEX will upgrade so as to rule the market.

When I read the news I was really surprised that a top Dex like Idex will take such approach without really thinking of the end result. Nevertheless, I think many users will go for other Dex as this is hard to believe and will also pave way for others to grow thus dominating the market.

I believe the outstanding feature of Dex is the anonymity of their operation, so If any decentralised exchange turns around to demand for kyc such exchange should no longer be referred to as a Dex.

I'm yet to believe that IDEX will ask users to comply with KYC. Decentralized systems are gradually turning centralized with this recent developments. IDEX has always been my favorite DEX but if the KYC stuff is true, then I'll back off entirely from using IDEX. 

There's no good DEX now, even Binance DEX are not fully decentralized exchange.
It's pretty sad that things changes like this but that's not our  control, it's the government that are making this a centralized for them monitoring, that's why regulation is created to protect investors and to avoid illegal activities such as money laundering.

We do not complaint on those exchanges because they are centralized exchanges, idex will be the first decentralised exchange to request for kyc, does it mean blockchain will never be decentralized which oppose it's primary feature and objective.

That's truly absurd. I havent bothered to go ahead with that KYC after I heard the processes involved. I mean what's the essence of a Dex then? I rather continue with the centralised platforms than such

You should watch the old news about how etherdelta has been pushed by the US regulators, it's not safe for dex creator to be located around US. Even the dex creators feel worried if they can be arrested if they were not following the regulator's order. There is no true DEX right now.

KYC is the deal-breaker for many and with more DEX follow suit to required KYC by government. Now we have the half-ass DEX that only in name only.

IDEX was the top decentralized exchange. Last year, when I heard that IDEX is going to add the KYC procedure, I quite trading there. Now, Bancor is the top DEX for sure. Token dot store, Forkdelta, Tokenjar just an average DEX, Binance DEX like an eyewash! So, the DEX nature of crypto is going to end!

It's a shame, no better than the centralized xchanges then so no reason to use it. Let's wait for the 100% decentralized dexes that actually are user friendly.