Next - The World's First Hybrid Exchange

Merging the gap between regulated centralized exchanges and decentralized privacy conscientious exchanges was a seemingly impossible task, at least until the next exchange came along and started changing everything by bringing Satoshi's vision to exchanges!
Merging the gap between regulated centralized exchanges and decentralized privacy conscientious exchanges was a seemingly impossible task, at least until the next exchange came along and started changing everything by bringing Satoshi's vision to exchanges!

Every week it seems as if another crypocurrency exchange is hacked into and people are losing coins. The reason for this is simple - exchanges have not kept true to the vision and words of Satoshi Nakamoto. They have not kept his ideals alive. Satoshi had a vision for a peer to peer electronic cash. His goal was to make it so that people didn't have to rely on banks and third parties to hold and manage their funds. He didn't want anyone able to manipulate interest rates, manipulate values, or have rights over someone else's finances. He envisioned a world where people, not custodians, maintained their own finances and had full control over their financial destiny.

Exchanges have caused pollution in this vision. Exchanges have acted as the custodial of people's money. They have manipulated its values by manipulating trade volumes, prices, increased demand through faulty system that would prevent buying or selling of select coins, and overall they have proven themselves untrustworthy of the task. Decentralised exchanges were once believed a solution to this problem, bu even they have tome and time again proven flawed some even found to not be decentralized at all.

Next.exchange, however, is not like other exchanges. Their goal is to fix these issues. They have created what they refer to as a hybrid exchange. This hybrid is a mixture between both centralized and decentralised exchanges. As a decentralized exchange, they hold no custodial rights over your coins. In fact, they have done something that is a first of its kind. Every wallet address you hold on the next exchange, you have 100% access to private keys for those wallets. This means if you trade into bitcoin, you have a bitcoin wallet with access to bitcoin private keys for that wallet. If you are trading into Ethereum or any ethereum based tokens, you have complete access to Ether wallet keys. This is true for every single coin you store on the next exchange.



Next.exchange also has its own blockchain called next.chain. One of the biggest features of this blockchain is that holders of the next coin, get a percentage of all trading fees based on how many of the coins they are holding. The next coin allows for reduced trading fees, fiat currency pairings, Initial Exchange offerings, and atomic swapping without the need for a web interface.

These are just a few of the features that make next.exchange considers itself a hybrid. It acts as a custodial of your wallets but not your coins, it has a KYC process for those who wish to use fiat currency pairings and withdraw to banks or paypal, it has the easy of use of a centralized interface designed for both new and long time traders, it allows crypto only trading without KYC, and it gives complete control over your wallet keys to you as the user.

Next.exchange is a logical step in advancing crypocurrency exchanges by its willingness to work with regulators while also having rules that privacy activists can enjoy. I hpope to see great things come this project.
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