# Decentralized exchanges

`kaal:entity:decentralized-exchanges`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `decentralized-exchanges`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

2 claims across 1 works, 2021 to 2021.

**2021**

- [3936876-018](https://wulfkaal.github.io/claims/3936876-018) [predictive/speculative] -- The unprecedented growth rate of decentralized exchanges may be an early indicator of increasing reliance on decentralized self-custody by retail users, but mainstream institutional adoption of digital assets is unlikely to materialize through self-custody and DEXs.
  > If anything, the DEX growth rate may be an early indicator of increasing decentralized self-custody reliance by digital asset retail users. Mainstream institutional investor adoption of digital assets, in turn, may not materialize via self-custody and DEXs.
  Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876
- [3936876-037](https://wulfkaal.github.io/claims/3936876-037) [mechanism/argued] -- While the majority of cryptocurrency spot exchanges require ownership to be surrendered in order to transact, decentralized exchanges introduce the ability for users to transact without exposing their private keys to vulnerability.
  > While the majority of cryptocurrency spot exchanges require ownership to be surrendered in order to transact, DEXs are introducing the ability for users to transact without exposing private keys to vulnerability.
  Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/decentralized-exchanges.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.