- Low or zero trading fees - StellarX for example has no trading fees whatsoever, they even refund the network costs, compared to traditional exchanges taking 0.25% or more on each trade.
- Instant atomic trade execution between different currencies using Path Payment
- Decentralized exchange - order book is on-chain and completely transparent, meaning less market manipulation.
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Ok, thanks for explaining. There are a couple of no fee exchanges I am aware of that are potentially introducing Steem soon, but we can never have too many!