In my understanding the primary purpose of a cryptocurrency exchange is to let users trade traditional currency for some kind of crypto-coin. Most exchanges also allow provide storage and crypto-to-crypto trade.

But exchanges add centralization, they have questionable security and they can manipulate cryptocurrency prices at their will.

Can there be an alternative market structure for cryptocurrency that liberates us from evil exchanges?

closed as primarily opinion-based by Pieter Wuille, alcio, m1xolyd1an, Geremia, MeshCollider Sep 19 '17 at 7:55

Many good questions generate some degree of opinion based on expert experience, but answers to this question will tend to be almost entirely based on opinions, rather than facts, references, or specific expertise. If this question can be reworded to fit the rules in the help center, please edit the question.

  • As answers note, there are already multiple projects that provide software to that end, so this question appears to come down to requestig an assessment whether such a push will be successful. I don't think that this sort of prediction of the future can be answered factually today. – Murch Sep 19 '17 at 14:15

There are decentralized exchanges that will launch soon such as Bisq or Coinffeine.

  • There are already live decentralized exchanges, etherdelta.com for Ethereum tokens being probably the most used currently – Oliver Sep 15 '17 at 11:03

Decentralized mining might be the answer. At least that's the original vision for how to distribute crypto. Users buy hardware to mine crypto instead of buying crypto directly via an exchange. Exchanges create a central point of failure but that's a direct result of centralized supply. If you can decentralize mining then you remove centralized points of failure. Also it's very hard to ban computing hardware.


LocalBitcoin is an attempt but it relies on a central server. Bisq removes that central point of failure, it is a fully decentralized exchange featuring escrow service and a Bitcoin wallet

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