EtherDelta is a decentralized peer-to-peer cryptocurrency exchange constructed principally for the exchange of Ether and Ethereum-based tokens (ERC20 tokens) between participants. The exchange operates on the Ethereum blockchain and provides several key functions such as deposit and withdrawals of funds, handling trade orders (new, modify, execute and canceling the order) and enabling digital wallet integration.
In practice, users that receive their ERC20 tokens from an ICO are able to trade it through EtherDelta exchange. On the other hand, users who wish to purchase ERC20 tokens can do it through EtherDelta exchange as well. To sum up, EtherDelta allows users to trade their ERC20 tokens which could be an already established ERC20 token (e.g. ZRX token) that are listed on major cryptocurrency exchanges or newly ERC20 tokens from ICOs that haven’t been listed or soon to be listed on major exchanges.
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