# kaal:claim:3808852-023

**Claim.** Decentralized cryptocurrency exchanges epitomize market decentralization because they let users interact and trade anonymously in a secure environment without third party intermediation.

**Type.** definitional  **Support.** argued

**Source quote.**

> DEX epitomize market decentralization because they allow users to interact and trade anonymously in a secure environment without the need for third party intermediation.

**From.** Wulf A. Kaal, *Decentralization and Feedback Effects* (2021), IV. Market Decentralization, page 17

**Cite as.** Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852

**Verify.** sha256 of source PDF `31e91158fdeefebc2f0be54ebf89751f7cdd4c89ecea932888f5ba9be6b1caba` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Decentralization%20and%20Feedback%20Effects.pdf

**Topics.** decentralization, economics

**Keywords.** dex, market-decentralization, intermediation, anonymous-trading

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.