Money Laundering Through DEXs and Mixers
Contents
Decentralized finance (DeFi) was one one of the most exciting areas of cryptoasset growth and investment across 2021, and it continues this trend into 2022. DeFi involves the use of “smart contracts” – or programmable, self-executing protocols – to enable users to have disintermediated access to financial services that have historically only been available through centralized financial institutions.
Unlike simple P2P exchange platforms – which are basic websites enabling cryptoasset users to connect – decentralized exchanges (DEXs) built on Ethereum utilize smart contracts to enable users to undertake cryptoasset-to-cryptoasset exchanges in real time.
Some observers see DEXs as providing an advantage over centralized exchanges, in that they prove less vulnerable to theft and loss because they are non-custodial in nature.
DEX trading volumes exploded across 2021, hitting highs of more than $30 billion per month and reporting a total of more than $1 trillion in trading volumes throughout the year, according to The …
Unlike simple P2P exchange platforms – which are basic websites enabling cryptoasset users to connect – decentralized exchanges (DEXs) built on Ethereum utilize smart contracts to enable users to undertake cryptoasset-to-cryptoasset exchanges in real time.
Some observers see DEXs as providing an advantage over centralized exchanges, in that they prove less vulnerable to theft and loss because they are non-custodial in nature.
DEX trading volumes exploded across 2021, hitting highs of more than $30 billion per month and reporting a total of more than $1 trillion in trading volumes throughout the year, according to The …