Topic: A crypto world without CEXs...How would it be? - page 4. (Read 415 times)
If crypto is illegal then it's the end of crypto world, we can still use Bitcoin and trade it on the decentralized exchange, but it's illegal and we're use Bitcoin just like a criminal in deep web market. 99% altcoins would be vanished, maybe only Bitcoin and Monero still exist since Bitcoin is the top coin and Monero is the most private coin. The good thing it will increase liquidity on decentralized exchange, we will see decentralized exchange is just like an unlicensed centralized exchange.
It's not all of them will be declared as illegal. Some cex will still be operated as a service in the gray area. The industry will not even survive without cex. This is the truth. Cex is a way for people to deposite and withdrawing their money. The decentralized service will be also able to accept fiat or ramp service. There are so many reasons why a country was tightening the regulation toward crypto like it was being used in illegal activities.
CEXs handle most of the market volume in the world. Without them, I don't think it's possible that we'll see huge market movements and huge price increases in crypto. That's the only reason I see why CEXs couldn't go away. People have been so dependent on them for their crypto trading shenanigans that the second it goes away, they won't know what to do with their bags anymore. Apart from that, no other bad thing might happen the way I see it, just that the prices would tumble because there isn't a market maker that facilitates and pools all the inputs and outputs from traders around the world.
The picture you have drawn certainly looks very bad. I’m already so used to the cryptocurrency world that I can’t even imagine how it was before. Of course, state structures want to take control of the government. But with hope I think that they are unlikely to succeed, because the technology has already developed powerfully and large sums are spinning in this area.
If major countries around the world decide to reject crypto/Blockchain tech sometime in the future, there's a high probability CEXs (centralized exchanges) will cease to exist. They will shut down their operations as crypto is declared "illegal" for mainstream use. Without an on/off ramp to/from the Fiat and crypto worlds, I wonder how would the industry survive?
Will a world without CEXs mark the end of crypto?
Without crypto the world will still survive but without technology the whole world is now stagnant. Out of a world population of 8 billion, only about 420 million people use crypto. Which is an average of 4.2% of the world population.Will a world without CEXs mark the end of crypto?
Crypto won't die without Cex but it will be severely affected. If all the cex were to stop today, maybe bitcoin could drop below $1k. Because most people will think crypto is a scam then. And if liquidity is leveraged at sex, crypto will face near destruction. But it cannot be said that it will be completely destroyed
Without an on/off ramp to/from the Fiat and crypto worlds, I wonder how would the industry survive?
It could be a threat to shut down all altcoins but not Bitcoin, due to its decentralized nature of it we can use DEXs.Quote
Will a world without CEXs mark the end of crypto?
It could have an impact on the market but if it doesn't it will stop or shut down, still, we have a second option to use DEX.CEXs are only good for liquidity and DEXs for privacy but as of now let's enjoy using them with their different features.
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What makes you think other countries will tighten regulations especially when they claim crypto can be used to avoid sanctions?
IMO, regulations can vary widely from country to country, some are embracing crypto to make it legal tender while others banning or have heavy regulation towards crypto. So the decision could be an eye on the government and it depends on their jurisdictions, we can't generalize them all. 
If major countries around the world decide to reject crypto/Blockchain tech sometime in the future, there's a high probability CEXs (centralized exchanges) will cease to exist. They will shut down their operations as crypto is declared "illegal" for mainstream use. Without an on/off ramp to/from the Fiat and crypto worlds, I wonder how would the industry survive?
Will a world without CEXs mark the end of crypto? I know crypto is decentralized, but the truth is that CEXs provide most of the liquidity of the market. DEXs are "second-hand" options that have their own set of issues. Either mainstream adoption for crypto/Blockchain tech starts to decline, or all the other way around. We've seen how exchanges have been "closing up shop" in the US due to strict regulations. What makes you think other countries will tighten regulations especially when they claim crypto can be used to avoid sanctions?
Your input would be greatly appreciated. Thank you very much.
Will a world without CEXs mark the end of crypto? I know crypto is decentralized, but the truth is that CEXs provide most of the liquidity of the market. DEXs are "second-hand" options that have their own set of issues. Either mainstream adoption for crypto/Blockchain tech starts to decline, or all the other way around. We've seen how exchanges have been "closing up shop" in the US due to strict regulations. What makes you think other countries will tighten regulations especially when they claim crypto can be used to avoid sanctions?
Your input would be greatly appreciated. Thank you very much.
Well, we probably go with the P2P market at least for Bitcoin this is how it was designed to be. Perhaps DEX will thieved or any other groundbreaking idea that will push the market to the masses. Although who knows, the price might be different, could be lower or higher. But it's going to be very difficult for us, although I think that there will be no heavy regulations that we have seen in the last five years. But I guess everything happens for a reason right? CEX is here since Mt. Gox and we have thrived and flourish since then. And I don't see them suddenly closing because government as simply coming after them because they cater for criminals, i.e. using them to avoid sanctions. It's going to be a battle though for many years between government regulators and this exchanges and other crypto services.
If major countries around the world decide to reject crypto/Blockchain tech sometime in the future, there's a high probability CEXs (centralized exchanges) will cease to exist. They will shut down their operations as crypto is declared "illegal" for mainstream use. Without an on/off ramp to/from the Fiat and crypto worlds, I wonder how would the industry survive?
Will a world without CEXs mark the end of crypto? I know crypto is decentralized, but the truth is that CEXs provide most of the liquidity of the market. DEXs are "second-hand" options that have their own set of issues. Either mainstream adoption for crypto/Blockchain tech starts to decline, or all the other way around. We've seen how exchanges have been "closing up shop" in the US due to strict regulations. What makes you think other countries will tighten regulations especially when they claim crypto can be used to avoid sanctions?
Your input would be greatly appreciated. Thank you very much.
Well we would lose those institutional investors we wanted to get in for so long. At your scenario there wouldn't be instant ban, as laws don't move as quickly we would have some time to prepare. But that prepariing would most likely be massive panic and people would try to escape out before fiat pairs would be banned.Will a world without CEXs mark the end of crypto? I know crypto is decentralized, but the truth is that CEXs provide most of the liquidity of the market. DEXs are "second-hand" options that have their own set of issues. Either mainstream adoption for crypto/Blockchain tech starts to decline, or all the other way around. We've seen how exchanges have been "closing up shop" in the US due to strict regulations. What makes you think other countries will tighten regulations especially when they claim crypto can be used to avoid sanctions?
Your input would be greatly appreciated. Thank you very much.
This would lead to lack of liquidity and total price crash. Most likely lots of people would even short it with leverage. I could see we might go back to 2013-2014 prices. As that what was happening before legit investors came. There were few big whales but it was a joke compared to current markets.
In the end we would be coming back to roots. People trading p2p, hard to say how many people would do that but it would be way harder and charts wouldn't really exist as they are now.
Some people would keep trading altcoin pairs (not stable coins tho). This would totally be a nerd and geek game after that. Some might think it would be a step up.
I really wouldn't want to live in that world, it doesn't really look like a good one at all and I would rather have them because they do provide a service. Just because some of them were bad, doesn't mean that we should ban the entire system at all, that wouldn't make sense and I wouldn't be really in support of that. I really believe that we shouldn't approach the situation at all, I believe that we should be looking at how to make sure these exchanges are better, or at least figure out which ones are good and which ones are not. I think I have never been part of any exchange that crashed before, there must be a reason for that.
There's the probability but I highly doubt it that every country will cease their operations. Those that are too little in their operations are going to be massively adopted by most traders.
US with their too strict rules will make every huge exchange that are not in their favor will just leave the US markets and will just leave the responsbility to their users to come and find them since they're no longer accepted into their country to retain their markets.
US with their too strict rules will make every huge exchange that are not in their favor will just leave the US markets and will just leave the responsbility to their users to come and find them since they're no longer accepted into their country to retain their markets.
We have no choice but to adopt and make the best out of it.
CEX are being regulated so there’s a higher chance for them to being restricted, so far we are lucky to have countries accepting Bitcoin as a legal tender, at least that could be a safer place for CEX to operate if ever. Having no CEX around can limit people from transacting that much with cryptocurrency, we might be back to a slower era.
CEX are being regulated so there’s a higher chance for them to being restricted, so far we are lucky to have countries accepting Bitcoin as a legal tender, at least that could be a safer place for CEX to operate if ever. Having no CEX around can limit people from transacting that much with cryptocurrency, we might be back to a slower era.
It is impossible to predict the future with certainty, but it is important to note that the potential rejection of crypto/Blockchain technology by major countries does not necessarily mean the end of the industry. While CEXs may face challenges in such a scenario, there are other options available, such as DEXs, which may become more prevalent as the technology continues to develop. Additionally, the decentralized nature of cryptocurrencies means that they can still be used and traded without the need for centralized exchanges. However, it is important for the industry to continue to work towards mainstream adoption and regulatory clarity in order to ensure its long-term viability.
If major countries around the world decide to reject crypto/Blockchain tech sometime in the future, there's a high probability CEXs (centralized exchanges) will cease to exist. They will shut down their operations as crypto is declared "illegal" for mainstream use. Without an on/off ramp to/from the Fiat and crypto worlds, I wonder how would the industry survive?
Will a world without CEXs mark the end of crypto? I know crypto is decentralized, but the truth is that CEXs provide most of the liquidity of the market. DEXs are "second-hand" options that have their own set of issues. Either mainstream adoption for crypto/Blockchain tech starts to decline, or all the other way around. We've seen how exchanges have been "closing up shop" in the US due to strict regulations. What makes you think other countries will tighten regulations especially when they claim crypto can be used to avoid sanctions?
Your input would be greatly appreciated. Thank you very much.
Will a world without CEXs mark the end of crypto? I know crypto is decentralized, but the truth is that CEXs provide most of the liquidity of the market. DEXs are "second-hand" options that have their own set of issues. Either mainstream adoption for crypto/Blockchain tech starts to decline, or all the other way around. We've seen how exchanges have been "closing up shop" in the US due to strict regulations. What makes you think other countries will tighten regulations especially when they claim crypto can be used to avoid sanctions?
Your input would be greatly appreciated. Thank you very much.
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