Or simply put there is no liquidity in DEX, so that is one cons against using them and that is one reason why we are still in CEX despite the many so issues like hacking and losing funds and scams.
And as much as we love DEX in the beginning, I don't think that we can simply go and switch from DEX-CEX, it's not going to happen overnight. And I don't think it will happen in the next 10 years or so.
People won't switch to DEXs because of the low liquidity, steeper learning curve, and higher fees. They're fine with CEXs just the way they are. Don't forget that convenience goes above all else. This little "FTX incident" won't affect CEXs whatsoever. Exchanges will move on with other tactics/strategies to keep attracting customers (like how they've been showing proof of reserves after the FTX collapse).
For people to lose trust in CEXs, something catastrophic must happen (like Coinbase, Binance, and Kraken collapsing all at once). But I don't see this happening anytime soon. I'm fine with DEXs being an alternative than a replacement, as long as they work as intended. With true decentralization, crypto will become unstoppable. Who knows if CEXs will live alongside DEXs for generations? Just my thoughts
Low liquidity? The chicken-and-egg prblem. More users equals more money. How hard is learning? That's fine with me for now. Since technology is improving exponentially, we will soon have easy-to-use platforms. And costs? Not to mention CEXs' exorbitant exit costs.
You are right: ease is most important. But it fits differently for everyone. A problem with one FTX shouldnt be used to assess all DEXs. Balance between regulated and decentralized items that work properly is needed. Consider it crypto's yin and yang: centralization and decentralization. It works; It works that way
Its too easy to declare CEXs wont be trusted unless something horrible happens. Remember that opinions change like the wind. Im joking, but in a truly decentralized world, the sky's the limit. DEXs and CEXs living together? Wait and see. However, lets not limit ourselves to one or the other. My friend, we need balance. Always remember that everything has a reason, even if its not obvious.
