Compile a list of notable competitors for the decentralized exchange service, 0x (pronounced "zero-x").

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Compile a list of notable competitors for the decentralized exchange service, 0x (pronounced "zero-x").

The potential competitors of 0x Protocol include Ether Delta, iDex, Shapeshift, OpenLedger, OmiseGo, Kyber, Airswap, and Omega One.


To determine the closest and most direct competitors of 0x, I examined a couple of crypto-currency related reviews and news articles, especially those regarding 0x and many more decentralized exchange platforms. I made sure that each protocol supports decentralized exchange before adding it to the list. Moreover, I factored in expert reviews, CEO reports, and analyses to create the list of competitors below.

1. Ether Delta

Chicago-based Ether Delta is a product of Etherboost which specializes in making decentralized trading applications. Ether Delta is designed for ERC20 tokens and Ethereum trading pairs. The exchange runs on Ethereum and is responsible for managing deposits, trading, wallet integration, and withdrawals. According to LinkedIn, Ether Delta has around 2-10 employees. Unfortunately, no funding information could be retrieved from Crunchbase, AngelList, Owler, or business news articles.


Located in the republic of Panama, IDEX is well-known as the decentralized ethereum exchange for real time trading and on-chain settlement. It is part of Aurora Labs - a collection of Ethereum applications and protocols. Despite failing to unearth any funding information, the team has six members altogether. Users on IDEX can trade continuously without waiting for transactions to mine. Moreover, traders can fill several orders at once and cancel orders immediately.

3. Shapeshift

Shapeshift is widely acclaimed across the web as the fastest and safest way to exchange blockchain assets and crypto-currencies. Unlike 0X Protocol, Shapeshift supports dozens of tokens including Bitcoin, Dash, Dogecoin, Ethereum, Monero, Zcash, and so on. Located in Zug, Switzerland, the company has raised $10.4 million in capital from both U.S. and international venture capital investors.

4. Openledger

Headquartered in Pandrup, Denmark Openledger is based on the BitShares platform and powered by Graphene. It seeks to end the challenges of speed, security, stability and transparency that still affect the crypto-currency ecosystem. Openledger prides in its OCASH - a blockchain powered all-in-one banking and payment solution which will merge the global card payment systems to the Openledger system. According to Crunchbase, Openledger has raised a total of DKK 11,000,000 and has 1-10 employees.

5. OmiseGo

OmiseGo is a public Ethereum-based financial technology for digital wallets allowing real-time, peer-to-peer value exchange and payment services across both decentralized currencies and fiat money. Headquartered in Bangkok, Thailand, the exchange platform raised $25,000,000 in 2017 and has a team of 5 employees.

6. Kyber Network

Kyber Network is a next generation on-chain exchange and payments system which permits the conversion and exchange of digital assets. Based in California, U.S. Kyber is specially set up in a way that provides rich payment APIs and new contract wallets to receive payments from any token. Moreover, users can mitigate price fluctuations in crypto-currency via their derivative trading. Kyber has an active team of 10 members and has raised $60,000,000.

7. Airswap

Brooklyn-based Airswap comprises a team of 21 members and only focuses on “Over the Counter” (OTC) trades, where two individuals negotiate a price and seal the deal. Unlike 0x, Airswap can be very useful for traders holding vast coins such as exchanges that seek to strike deals with each other without influencing the market price. Airswap has a total funding of $36,000,000.

8. Omega One

Headquartered in Brooklyn, Omega One has a team of 16 members and provides a smarter, decentralized and an automated crypto-currency trading platform. Besides decentralization, Omega One promises liquidity across multiple exchanges and low costs via their advanced order routing. Albeit no funding information was found, Omega One features advanced security through non-custodial smart contract wallets.


In conclusion, Ether Delta, iDex, Shapeshift, OpenLedger, OmiseGo, Kyber, Airswap, and Omega One are among the competitors of 0x Protocol. Again, they compete both directly and indirectly with each decentralized exchange having its unique differentiation. Lastly, decentralized exchange platforms are continually being developed, therefore, the competition is expected to intensify over time.