Topic: DEX increase volumes, CEX reduce - page 2. (Read 323 times)

To be honest, I'm more favor using Decentralized Exchanges (DEX) than centralized exchanges, it does not matter about how will I make money just using Decentralized Exchanges, but it's the nature and effects of using Decentralized exchanages over centralized.
There are lot of positive effects using decentralized exchanges, just like your key, your wallet, which you are totally controlling your funds here, not some central authority just like centralized exchanges, while there are still some disadvantages of using decentralized exchanges.

That is exactly how Defi projects manipulate the market. Many investors had come into DEX exchanges leaving CEX at the time which it won't surprise me but wondering what it happens now to these projects, most of them have done already, many of them are declining. Have to expect that DEX exchanges will dominate this time in the 4th quarter? Probably not, investors will still be looking for projects that are reliable and somehow most of them haven't found in DEX but not in CEX exchanges. Will be expecting that centralized exchanges will get the favor this time since Defi projects have already been over.

DeFi projects have been the main cause of increase in trading volumes on decentralized exchanges, Uniswap which is a decentralized exchange was even surprising, its trading volume really increased significantly and above what we thought could happen, uniswap trading volume now was reported to be more than that of coinbase. DeFi projects that are booming have really helped decentralized trading volume to increase. If DeFi will continue to rise, this will help decentralized exchanges trading volume to increase.

About centralized exchanges, people do use them because of trading flexibility, but with how they are not secure and safe, this could be part of what has reduced their trading volume because people are getting to know how unsecure they are and how they are often hacked, people are looking for more better means to make their funds safe.

CoinGecko presented a report for the third quarter of 2020, according to which decentralized exchanges(DEX) show a steady increase in trading turnover, while centralized exchanges(CEX) show their decline. In September, the total volume of trading on the ten major DEX reached $30.4 billion, a month earlier it was $12.6 billion.



At the same time, it is worth considering that the total trade turnover of the top 10 CEX and DEX remained almost unchanged for the last two months and amounted to $327.2 billion in August and $330.6 billion in September.
According to CoinGecko: top 10 DEX : Uniswap, Sushiswap, Curve, 0x, Balancer, Kyber Network, Bancor, dYdX, Serum, Loopring
                                    top 10 CEX : Binance, Coinbase, Kraken, OKEx, Bitfinex, Bitstamp, Kucoin. Gate.io, Poloniex, Huobi Global.

For the third quarter, the average monthly increase in trading volumes on DEX was 197% , while CEX had 35%. In September, on centralized exchanges, the trading volume decreased by 5%. the largest drop was on Coinbase and OKEx, which was 60%



DEX trading volume rose 700% in the quarter from $3.8 billion in July to $30.4 billion in September.at the same time, 60% of the increase was provided by Uniswap



Uniswap and Curve dominate the total trading volume on DEX, accounting for 80% of the total trading volume, and Sushiswap is actively increasing trading volumes, which already account for 8% of the total trading volume on DEX.
The full CoinGecko report for the third quarter of 2020 which contains 32 pages can be found here: https://assets.coingecko.com/reports/2020-Q3-Report/CoinGecko-2020-Q3-Full-Report.pdf?utm_source=web&utm_campaign=report&utm_term=Q3-2020&utm_content=CG-users&0=