In a competitive space, this is a good question. The short answer is that DevvExchange solves problems that other exchanges cannot. DevvExchange is designed to be the safest place to hold, transfer, and exchange assets. DevvExchange will be the first exchange to combine all of the best aspects of Centralized Exchanges (CEXs – speed, throughput, cost, experience) and Decentralized Exchanges (DEXs – non-custodial). DevvExchange can trade tokens from any platform and will trade most of the biggest coins, like CEXs do. Here is a description of what makes DevvExchange different.

— INSTANT SETTLEMENT – A FUNDAMENTAL INVENTION

DevvExchange is built on a compelling invention called Contingent Transaction Sets (CTS). Users can sign contingent transactions, where they only go through as part of a set where the contingencies are filled. For example if you want to buy 1 Bitcoin for $100,000, that means you are willing to send $100k if and only if you receive a Bitcoin. That is the contingency. A seller who wants to sell a Bitcoin for $100k, will send their Bitcoin if and only if they receive $100k. The buyer’s and seller’s transactions are matched and grouped and they are both then approved by validators. This gives Mathematically Instantaneous Settlement (MIS). For the first time ever, you can have high speed, cost-effective non-custodial exchange transactions that settle instantaneously. We believe that CTS will be viewed in history as one of the world’s great financial inventions.

— NO MIDDLEMEN

CTS therefore removes all middlemen. When you use a CEX, you give them your assets. CEXs fundamentally act like brokerages rather than exchanges. That is why FTX was able to steal their users’ funds. In our case, theft is not possible, as users directly maintain their assets at all times. Not your keys, not your crypto.

— COST, SPEED, THROUGHPUT AND EXPERIENCE

DevvExchange runs on DevvX which is the fastest (infinite TPS and sub-second settlement) and most cost effective (1/10,000,000th the cost of Ethereum) blockchain. In contrast to CEXs, with DEXs you can maintain control of your assets, but DEXs are slow and create a poor experience. They can have high levels of slippage and are plagued by manipulations such as front running. Smart contracts do not guarantee security and are rife with manipulations. DEXs also are not regulatory compliant. The drawbacks of DEXs are non-starters for TradFi businesses, which is a primary category that DevvExchange is targeting.

— FRAUD/THEFT/LOSS PROTECTIONS

The crypto space is fraught with risk. No one in the crypto space hasn’t felt some fear in sending a transaction or hasn’t worried about their assets being stolen or lost. It is an all-too-common occurrence in the space. DevvX has consensus-level protections for fraud, theft, and loss, which do NOT require trust. Even the hardest core crypto purists will like these protections. Again, not your keys, not your crypto. You can read more here.

— BAILMENT PROTECTION

What happens to your assets if an exchange goes out of business or the underlying assets are stolen? Historically, too many times, users are the ones that suffer the loss. DevvDigital, in contrast, is building a system where it is not the holder of assets in bankruptcy. Instead, large financial partners will maintain nodes for the blockchain, and will be legally required to deliver customer assets in the case of a DevvDigital bankruptcy.

— PRIVACY SOLUTION

Our patented privacy solution gives true privacy for users (a requirement for TradFi) but is also implemented in a regulatory compliant way. This is a critical functionality we have that other blockchains do not.

Imagine a world where you aren’t afraid of losing your crypto or transferring it into the wrong hands. Imagine being able to trade at high speed with low cost, where there are not a bunch of financial entities manipulating transactions and extracting an unfair share of profits in the system. Imagine doing all of this while maintaining full control of your assets at all times.

When you put all of this together, you have a new gold standard. Regulators love what we are doing because we don’t take custody. Perhaps most importantly, DevvExchange, FOR THE FIRST TIME, checks all of the boxes that traditional finance companies need to see in order to hold and trade crypto for themselves and for their customers. A medium sized bank cannot put their customers’ deposits into an exchange like Coinbase – they have a fiduciary responsibility to maintain and control their customers’ deposits. They can use DevvExchange, though, because customers maintain control of their assets, have recourse for fraud/theft/loss, and are comfortable with the bailment system managed by large institutions that they already trust.

Think of what this means within the context of the global tokenization movement. Tens of trillions of dollars are expected to enter the blockchain space, controlled by institutions that cannot use the world’s current exchanges. We feel we can become the new gold standard, and the new leader in the category.

We are creating the world’s safest and most reliable exchange, and, importantly, the only exchange feasible for all of these new entrants into the space.

These characteristics, and the credibility our technology and approach have, have led us to be able to bring on important team members and create strong partnerships, including one with one of the world’s biggest tradfi companies. This creates further credibility and momentum, which lets us grow further. DevvExchange is growing with strong momentum at this point.