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Decentralized exchange (DEX) platform Uniswap introduced new features that users have been waiting for a long time: Uniswap Plugin, Limit Orders and Data & Analytics.
Among these, the limit orders feature available on central exchanges was frequently mentioned and requested by users.
According to the official statement made by the company, the Uniswap plugin will work as a permanent sidebar and allow transactions to be made while browsing other sites.
On the other hand, with the limit orders feature, users will be able to place a buy or sell order for any token at a price. Limit orders will be valid for 1 year from the date they are placed. Since limit orders could not be placed on decentralized exchanges, centralized exchanges were preferred more frequently.
In addition, Uniswap's new Data & Analytics feature will provide access to data such as historical price chart, liquidity trends and trading volume for a cryptocurrency. In addition, detailed token information, project details and liquidity pools information of a cryptocurrency can be accessed.
With the new features, Uniswap seems to have approached the features of centralized exchanges, even though it is a decentralized cryptocurrency exchange.
*This is not investment advice.