The Need for Decentralized Exchanges

As Bitcoin breaks one new high after another, it is putting tremendous stress on the infrastructure of the crypto-space. The rise in volume on Coinbase’s exchange, GDAX, caused that exchange to fail. It was difficult to match orders and get an accurate price quote. Arbitrage between GDAX and the other major exchanges topped at $2,000.
This highlights the fact that the crypto-space, as exciting as it is, is also still very immature relative to the amounts of capital pouring into it. Problem