Matcha — The Ultimate DEX Aggregator
What is Matcha?
Matcha is a crypto trading platform powered by 0x Labs. Matcha isa decentralized exchange, or DEX, meaning that users swap their tokens peer-to-peer through the Ethereum smart contract infrastructure. You retain complete custody of your tokens throughout the entire trading process.
Matcha also aggregate the best prices across a growing number of liquidity sources to maximize the value you receive on every trade. Also, unlike some other DEX aggregators, Matcha transparently displays all costs/fees associated with trades, and Matcha will never keep the difference between quoted and realized prices.
How does Matcha offer the best prices?
Unlike other exchanges that only use a single liquidity source, Matcha aggregates liquidity from a number of sources, including 0x, Uniswap, Balancer, Curve, Kyber, Oasis, and others. Similar to how a media aggregator works (ex. Google News), Matcha pulls pricing data from all liquidity sources at the time of your trade. Matcha then uses an automated process called “smart order routing” to split your trade across all liquidity sources to provide you with the best price/lowest slippage possible. Smart order routing is especially helpful for larger trades where a single source is unlikely to offer you the best pricing. As Matcha continues to add additional liquidity sources to Matcha, the pricing that you’ll receive will only get better!
What makes Matcha different from other exchanges?
Matcha is a decentralized exchange and does not require you to deposit tokens with a third party as would happen when using a centralized exchange, such as Binance or Coinbase. There is no sign-up to use Matcha, and all trades are peer-to-peer, which means that you trade directly from your Ethereum wallet and retain complete custody of your tokens throughout the entire process. Once a trade completes, the tokens you exchanged for will go straight to your wallet.
Matcha was designed to be super easy to use and beginner friendly. The average decentralized exchange has a steep learning curve and is difficult for most people to figure out. Matcha has set out to make a trading platform that is approachable and friendly to use, unlike a professional order book exchanges.
Matcha will find you the best price across various liquidity sources, including 0x, Kyber, Uniswap, Oasis, Curve, and others.
What exchange networks does Matcha aggregate liquidity from?
Matcha uses the 0x API, which aggregates liquidity from a growing list of exchange sources, on multiple blockchains, and applies smart order routing to ensure that you get the best price on your trades.
List of Matcha liquidity sources
How safe is trading on Matcha?
Trading on Matcha is very safe. In addition to thorough testing by 0x Labs, top blockchain company ConsenSys Diligence audited the 0x v4 smart contracts which Matcha uses. You can review their audit results here.
Also, unlike a centralized exchange that can mismanage or lose your tokens, when you make a trade on a decentralized exchange, like Matcha, you retain complete custody of your tokens throughout the entire trading process.
Can I trust Matcha to securely store my tokens?
Matcha is a decentralized exchange and does not store your tokens. Unlike centralized exchanges, such as Binance and Coinbase, that require you to deposit tokens with a third party to make a trade, all trades on Matcha are peer-to-peer. You trade directly from your Ethereum wallet and retain complete custody of your tokens throughout the entire process.
What is a decentralized exchange?
A decentralized exchange, or DEX, allows cryptocurrency holders to securely exchange their tokens without giving up custody to a third party, such as a centralized exchange like Binance, Coinbase, etc. When you give up custody of your tokens to a third party, you’re trusting them to manage your tokens, as well as protect them from hacks.
The benefit of retaining custody of your tokens while trading, other benefits of using a DEX include:
- Being globally accessible. DEXs are usable by almost anyone in the world due to their distributed architecture. Centralized exchanges often are restricted from use by those who live outside of the countries in which they operate.
- A higher degree of privacy. Using a DEX doesn’t require registration; thus, there is no personal data at risk of being misused or stolen.
- Exclusive offerings. DEXs support unique tokens that are not available on any centralized exchanges.
- Lower cost to trade. Compared to centralized exchanges, DEXs have lower overhead costs and can offer cheaper or even no trading fees.
- Lower risk of price or trading volume manipulation. The open nature of DEX order books and the absence of a centralized operator reduces the ability and incentive to falsify price and trade volume information.
What countries does Matcha support?
Matcha is available to use in most countries. Please review the Terms of Service for detailed information on the terms and conditions by which you may access and use Matcha. It is your responsibility to ensure that using Matcha complies with the applicable laws and regulations where you reside.
