Swarm Markets Targets DeFi Skeptics
Traditional banking and DeFi are often at loggerheads with many who doubt the ability of decentralized, permissionless platforms to provide the same level of consumer protection as is available on regulated platforms.
But regulation and decentralized finance don’t have to be mutually exclusive, Swarm Markets Co-founders Philipp Pieper and Timo Lehes told PYMNTS — and they’re on a mission to prove the naysayers wrong.
Swarm Markets is a Berlin-based firm that operates under a regulatory license from Germany’s Federal Financial Supervisory Authority, also known as BaFin. It also claims to be the world’s first regulated decentralized trading exchange (DEX).
In an interview with PYMNTS, Leches said: “There are things coming in the very near future that nobody else is offering, which is going to offer much more proof of the value of licensing, being a secure place to trade…