ARCHIVE/xrpl-dev-portal
1
0
Fork 0
mirror of https://github.com/XRPLF/xrpl-dev-portal.git synced 2025-11-20 03:35:51 +00:00
Code Issues Packages Projects Releases Wiki Activity

Incorporate SEO recommendations

Browse Source
This commit is contained in:
amarantha-k
2025-08-12 12:19:28 -07:00
parent 1e7ab3ea5c
commit a638266581
3 changed files with 70 additions and 29 deletions
Download Patch File Download Diff File Expand all files Collapse all files

4
docs/concepts/tokens/decentralized-exchange/permissioned-dexes.md
View File

@@ -14,7 +14,9 @@ There can be multiple permissioned DEXes within the XRP Ledger blockchain. Each
## Background: The Need for Permissioned DEXes
The XRP Ledger has had a single, _open DEX_ since it launched. Anyone with an XRPL account can trade in this DEX, and the system automatically executes matching orders, also called offers, with no regard for who placed them. Orders also provide liquidity to cross-currency payments, which can potentially execute several trades as part of one atomic transaction. Since the system inherently knows nothing about the people and organizations behind the accounts, there is no certainty who the counterparties are for any given trade. However, economic sanctions and financial regulations often place strict rules against transacting with criminals, terrorists, or specific countries. Given these limitations, regulated financial institutions may not be willing to take the risk of trading in the open DEX.
The XRP Ledger has had a single, _open DEX_ since it launched. Anyone with an XRPL account can trade in this DEX, and the system automatically executes matching orders, also called offers, with no regard for who placed them. Orders also provide liquidity to cross-currency payments, which can potentially execute several trades as part of one atomic transaction.
Since the system inherently knows nothing about the people and organizations behind the accounts, there is no certainty who the counterparties are for any given trade. However, economic sanctions and financial regulations often place strict rules against transacting with criminals, terrorists, or specific countries. Given these limitations, regulated financial institutions may not be willing to take the risk of trading in the open DEX.
More background reading: