We soon have OPEN.EUR with 0% deposit fee via SEPA, which is very nice bank transfer system for Euro people.
I'm thinking that we can have BTC-EUR market on DEX using OPEN.EUR and OPENBTC.
Here's some marketing point.
1. It has an honest orderbook
2. The blockchain-based market system cannot be hacked
3. Users can control all of their fund (IOU)
4. With relatively secure system than centralized exchanges, it can have more secure wallet servers
I little researched Kraken, where $2 mil (BTCEUR) traded in last 24 hours, and found couple of points we have to consider to adjust.
1. Withdraw fee (deposit fees are both 0%)
- Kraken: 0.09 Euro
- OPEN.EUR: 3.0%
2. Trading fee
- Kraken: maker 0%~0.16% / taker 0.10~0.26% (Most of cases it maybe around 0.15% / 0.25%)
- OPEN.EUR: 0.3% / OPENBTC: 0.2%
3. Liquidity: we need a market making bot that copies orders from Kraken to DEX (with some aggregation and buffer)
@dannotestein If we can make it, we may get some traction from the world. Any suggestions and comments are more than welcome.