HEX is a hybrid crypto exchange.
The main problem of centralized cryptocurrency exchanges is a security flaw. It is solved by the decentralized exchange with the help of the blockchain. But even they have disadvantages in the form of a lack of latency or liquidity tools that could motivate large institutional investors to enter the market and give them guarantees.
HEX intends to solve the problems of centralized (CEX) and decentralized exchanges (DEX). Hybrid crypto exchanges base on CEX functionality and liquidity, as well as DEX privacy and security.
While there are no examples of HEXs on the market yet, many projects are at the final stage of development and implementation. The developers of Stoxum promise to create the first hybrid exchange with one hundred percent distribution of stake.