More Exchanges are yet to come in the future. And I have seen many more exchanges in the twitter regarding their upcoming features, may be there will be a decentralized season for a time, And we all are know the world first and best centralized exchange is Binance and it has taken the position due to its security.
Decentralised exchanges have been around for a long time, but for some reason not many people use them. I am referring to real multichain DEX. Probably the difficulty is that it is easier for a simple user to trade on centralized exchanges and not to think about anything. It becomes a good lesson later on. But still the perfect DEX is not even developed yet, it will be much later.
Topic: What's your opinion on the future of Decentralised exchanges - page 4. (Read 1383 times)
More Exchanges are yet to come in the future. And I have seen many more exchanges in the twitter regarding their upcoming features, may be there will be a decentralized season for a time, And we all are know the world first and best centralized exchange is Binance and it has taken the position due to its security.
Decentralised exchanges have been around for a long time, but for some reason not many people use them. I am referring to real multichain DEX. Probably the difficulty is that it is easier for a simple user to trade on centralized exchanges and not to think about anything. It becomes a good lesson later on. But still the perfect DEX is not even developed yet, it will be much later.
More Exchanges are yet to come in the future. And I have seen many more exchanges in the twitter regarding their upcoming features, may be there will be a decentralized season for a time, And we all are know the world first and best centralized exchange is Binance and it has taken the position due to its security.
I agree. I don't think most people can catch up with DEX that easily. In this day and age wherein a lot of minor inconveniences are considered as 'problems' by a lot of people, you wouldn't expect them to try and go learn about DEX themselves. It's quite ironic when information is readily available, but people still stay uninformed. CEX provides that easy access and an overall smooth transaction for the average Joe, and DEX is for those who seek added security and anonymity in dealing with cryptocurrencies. It will remain as a separate niche for a long time, and CEX will surely eat the bigger share of the pie until then - though that doesn't mean that DEXs would be gone. They're just not going to be hosting a lot of volumes that's for sure.
DEXs have many flaws, so it's unlikely they'll replace CEXs anytime soon. Despite this, I still believe they have a future because developers are working on improving them every step of the way. L2 scaling solutions, and ZK-Proofs will make DEXs as comparable as CEXs someday. These last ones would be more regulatory-compliant because of the way they were designed.
In the future, people will get to choose an exchange depending on their needs. If they want anonymity and control of their funds, they'd simply use a DEX. But if they want ease of use or more liquidity/trading volume, a CEX would be the only way to go. It seems to me that CEXs and DEXs will co-exist for generations. Just my opinion
DEXs are too complex for an average person to get ahold of, so don't expect CEXs to go anywhere soon. People will just be more careful when depositing their coins in a centralized exchange. I'd expect CEXs to be required to disclose their reserves by law (Proof of Reserves) to gain investors' and traders' confidence. It seems to me that CEXs will be treated more like financial institutions (banks) after what happened with FTX lately. This means tighter regulations that will make both the exchange company and the customer's life impossible. There's nothing we can do about it, especially when we let Wall Street take over the industry for quite some time. Crypto/Blockchain tech will be driven away from its core principles of decentralization because of this.
DEXs will still exist in the future, but the number of people using them will be very small compared to CEXs. They will have a future as long as developers continue to improve them. Long-term speaking, DEXs will be able to live alongside CEXs allowing people to choose which platform to trade based on their needs. No one can predict the future, so we can only hope for the best. Just my thoughts
DEXs will still exist in the future, but the number of people using them will be very small compared to CEXs. They will have a future as long as developers continue to improve them. Long-term speaking, DEXs will be able to live alongside CEXs allowing people to choose which platform to trade based on their needs. No one can predict the future, so we can only hope for the best. Just my thoughts
I agree. I don't think most people can catch up with DEX that easily. In this day and age wherein a lot of minor inconveniences are considered as 'problems' by a lot of people, you wouldn't expect them to try and go learn about DEX themselves. It's quite ironic when information is readily available, but people still stay uninformed. CEX provides that easy access and an overall smooth transaction for the average Joe, and DEX is for those who seek added security and anonymity in dealing with cryptocurrencies. It will remain as a separate niche for a long time, and CEX will surely eat the bigger share of the pie until then - though that doesn't mean that DEXs would be gone. They're just not going to be hosting a lot of volumes that's for sure.
DEXs are too complex for an average person to get ahold of, so don't expect CEXs to go anywhere soon. People will just be more careful when depositing their coins in a centralized exchange. I'd expect CEXs to be required to disclose their reserves by law (Proof of Reserves) to gain investors' and traders' confidence. It seems to me that CEXs will be treated more like financial institutions (banks) after what happened with FTX lately. This means tighter regulations that will make both the exchange company and the customer's life impossible. There's nothing we can do about it, especially when we let Wall Street take over the industry for quite some time. Crypto/Blockchain tech will be driven away from its core principles of decentralization because of this.
DEXs will still exist in the future, but the number of people using them will be very small compared to CEXs. They will have a future as long as developers continue to improve them. Long-term speaking, DEXs will be able to live alongside CEXs allowing people to choose which platform to trade based on their needs. No one can predict the future, so we can only hope for the best. Just my thoughts
DEXs will still exist in the future, but the number of people using them will be very small compared to CEXs. They will have a future as long as developers continue to improve them. Long-term speaking, DEXs will be able to live alongside CEXs allowing people to choose which platform to trade based on their needs. No one can predict the future, so we can only hope for the best. Just my thoughts
I agree. I don't think most people can catch up with DEX that easily. In this day and age wherein a lot of minor inconveniences are considered as 'problems' by a lot of people, you wouldn't expect them to try and go learn about DEX themselves. It's quite ironic when information is readily available, but people still stay uninformed. CEX provides that easy access and an overall smooth transaction for the average Joe, and DEX is for those who seek added security and anonymity in dealing with cryptocurrencies. It will remain as a separate niche for a long time, and CEX will surely eat the bigger share of the pie until then - though that doesn't mean that DEXs would be gone. They're just not going to be hosting a lot of volumes that's for sure.
DEXs are too complex for an average person to get ahold of, so don't expect CEXs to go anywhere soon. People will just be more careful when depositing their coins in a centralized exchange. I'd expect CEXs to be required to disclose their reserves by law (Proof of Reserves) to gain investors' and traders' confidence. It seems to me that CEXs will be treated more like financial institutions (banks) after what happened with FTX lately. This means tighter regulations that will make both the exchange company and the customer's life impossible. There's nothing we can do about it, especially when we let Wall Street take over the industry for quite some time. Crypto/Blockchain tech will be driven away from its core principles of decentralization because of this.
DEXs will still exist in the future, but the number of people using them will be very small compared to CEXs. They will have a future as long as developers continue to improve them. Long-term speaking, DEXs will be able to live alongside CEXs allowing people to choose which platform to trade based on their needs. No one can predict the future, so we can only hope for the best. Just my thoughts
That type of proof would be very awesome. If they were forced to show it to just auditors that would be enough, they shouldn't be forced to show it to the whole world, but the government people should be given a right to go in and check and tell the world how much they have.DEXs will still exist in the future, but the number of people using them will be very small compared to CEXs. They will have a future as long as developers continue to improve them. Long-term speaking, DEXs will be able to live alongside CEXs allowing people to choose which platform to trade based on their needs. No one can predict the future, so we can only hope for the best. Just my thoughts
For example, if a company says there are 100 million dollars worth of crypto in them, like users funds, but then have 80 million, then government should know about this and warn them first but then also let the people know as well. Otherwise, CEX's will keep doing what they want to do, it's like a big ponzi scheme in there and they are surviving by people trading and depositing more money.
The future of decentralized exchanges will grow but centralized exchanges will continue to grow too. The features offered by centralized exchanges are just way too good that it is hard to stop using them. People learning from the previous tragedies of FTX and others will continue to use centralized exchanges but they will not store big amounts as before. Active traders will be the only ones that will leave their funds in centralized exchanges. I am sorry but active trading on decentralized exchanges isn't as convenient as centralized exchanges.
Cryptocurrencies are about decentralization right? So, there will always be a room for decentralized service such as DEXes. Hacks, frauds, scams and like which have happened in centralized platforms are not new but most that we saw before are only small and maybe that was also the reason on why people are seem to be unaffected and persist to carry on, in using them not unlike nowadays where big negative news are appearing.I guess that's because cryptos have also evolved or have improved too much. The more big centralized platforms experienced an issue, the more the people will also realize that decentralized platforms are the ones which are truly worthy to use.
The future of decentralized exchanges will grow but centralized exchanges will continue to grow too. The features offered by centralized exchanges are just way too good that it is hard to stop using them. People learning from the previous tragedies of FTX and others will continue to use centralized exchanges but they will not store big amounts as before. Active traders will be the only ones that will leave their funds in centralized exchanges. I am sorry but active trading on decentralized exchanges isn't as convenient as centralized exchanges.
I am not sure if people will prefer to use Uniswap or PancakeSwap in the future. I believe people won't stop to use top CEXs like Binance, Kucoin, Coinbase, or Kraken because they have good features for trading and have big volumes as well. But people will be more careful to manage their tokens, they probably won't keep their coins on CEXs for a long time anymore. They are aware that keeping coins on CEXs is high risk, CEXs can have a problem at any time. They can't secure their coins because CEXs that have a full control to the coins.
DEXs are too complex for an average person to get ahold of, so don't expect CEXs to go anywhere soon. People will just be more careful when depositing their coins in a centralized exchange. I'd expect CEXs to be required to disclose their reserves by law (Proof of Reserves) to gain investors' and traders' confidence. It seems to me that CEXs will be treated more like financial institutions (banks) after what happened with FTX lately. This means tighter regulations that will make both the exchange company and the customer's life impossible. There's nothing we can do about it, especially when we let Wall Street take over the industry for quite some time. Crypto/Blockchain tech will be driven away from its core principles of decentralization because of this.
DEXs will still exist in the future, but the number of people using them will be very small compared to CEXs. They will have a future as long as developers continue to improve them. Long-term speaking, DEXs will be able to live alongside CEXs allowing people to choose which platform to trade based on their needs. No one can predict the future, so we can only hope for the best. Just my thoughts
Decentralized exchanges will be "discovered" by everyone. Many centralized exchanges have been hacked, and the news of money being stolen is one after another. Because of previous habits, people always trust third-party agencies very easily. Centralized exchanges still have a certain place in people's hearts, they don't fully understand, they think third-party organizations can be their "backer". I would not put my money on a centralized exchange. It cannot be denied that I still need to go to the centralized exchange. This does not prevent decentralized exchanges from being the future trend.
I am not sure if people will prefer to use Uniswap or PancakeSwap in the future. I believe people won't stop to use top CEXs like Binance, Kucoin, Coinbase, or Kraken because they have good features for trading and have big volumes as well. But people will be more careful to manage their tokens, they probably won't keep their coins on CEXs for a long time anymore. They are aware that keeping coins on CEXs is high risk, CEXs can have a problem at any time. They can't secure their coins because CEXs that have a full control to the coins.
Decentralized and centralized exchanges has it's own advantage and disadvantages and it will all depends on the user on which weighs more. I personally prefer using decentralized exchanges but I still use my centralized exchanges for some pairs and other things such as P2P trading but I don't store a big amount of crypto on centralized exchange given that there's a risk in it. such as i trade in p2p on binance and kucoin exchange,
it is a big advantages to use centralized exchanges even though cex is high risk instead of dex.
Indeed, CEX is appealing because of its convenience, even though it is not safe. Users pay for convenience with additional risk for their money. Frankly speaking, I can't completely reject centralized exchanges either, because it is more convenient to trade there, there is no slippage and it is much more convenient to exchange different coins or withdraw profit. As long as cryptocurrency is dominated by fiat, people will not give up centralized exchanges.
Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂 but it seems like Uniswap and Pancake will take the lead in near future?
Understanding that people do not really "need" it but prefer it is the number one step. Too many people act as if we need it and its a must and the world will go from CEX to DEX when a good one comes out and so forth.I agree, it depends on the preference of the user but sadly most user prefer the convenience of the CEX because there are way lots of trading pairs available on the centralized exchanges, besides they do not have to move from one network to another just to trade their cryptocurrency unlike in swaps and Dexes. I think even with all the fiascos of centralized exchanges, it will be the preferred exchange because of the convenience it offers.
Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂 but it seems like Uniswap and Pancake will take the lead in near future?
Understanding that people do not really "need" it but prefer it is the number one step. Too many people act as if we need it and its a must and the world will go from CEX to DEX when a good one comes out and so forth.Reality is that, there are some people who prefer DEX and some prefer CEX and it will stay that way forever. Doesn't mean its not good, doesn't even mean its not better, it just means even the shitties CEX's will find some customers with right marketing and that's it. Its definitely a good thing though, because it allows people to use whatever they want and not be forced into one or the other. That optional thing gives importance to our preferences.
Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂 but it seems like Uniswap and Pancake will take the lead in near future?
Indeed, decentralized exchanges are safer for us to use, but there are often problems when we swap. This makes us uncomfortable to use it. Apart from that, many tokens specify high slippage fees. Indeed, centralized exchanges often get into trouble at the moment, but if we can avoid it by not storing large amounts of money in one exchange. 
Whenever some issue arise with the centralized exchanges, people starts to discuss about the decentralised exchanges usage. Within specific time once again people starts claiming CEX to be the best as it gives the ease of access and support can be requested on need. However decentralised exchanges have the real good in it, and the volume requirement keeps users away from using it. With time this will change as people find decentralisation good against the centric power.
Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂 but it seems like Uniswap and Pancake will take the lead in near future?
FTX isn't the first CEX to have an anomaly and yet the attention of people are still in the CEX so I don't think we will see a major change or shift. There's just something with the CEX on why people can't leave it. In terms of trust. I think this will depend on the company and not if it's CEX or DEX. Not all DEX are trusted anyway but there's also a lot of shady and buggy DEX that have been reported before.Binance isn't the only CEX that is standing but there are still lots of them. I do not think they will slowly follow the path that FTX take. In fact these exchanges are only trying their best to become the number 1 crypto exchange. They won't waste their hard work for nothing.
I don't understand why people always take the death of FTX to say that Binance will also go the way of FTX or other centralized exchanges will also die. Exchanges like traditional companies, there will be companies that will survive over time, and there will also be companies that go bankrupt, if viewed more fairly, this is actually normal. Look at the Coinbase exchange, it was founded in 2012 and still exists today, why no one talks about its sustainability?
Many people don't like centralized exchanges, that's not wrong, but there's no denying their role and importance in the market, without us we would have had a lot of trouble trading daily.
Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂 but it seems like Uniswap and Pancake will take the lead in near future?
FTX isn't the first CEX to have an anomaly and yet the attention of people are still in the CEX so I don't think we will see a major change or shift. There's just something with the CEX on why people can't leave it. In terms of trust. I think this will depend on the company and not if it's CEX or DEX. Not all DEX are trusted anyway but there's also a lot of shady and buggy DEX that have been reported before.Binance isn't the only CEX that is standing but there are still lots of them. I do not think they will slowly follow the path that FTX take. In fact these exchanges are only trying their best to become the number 1 crypto exchange. They won't waste their hard work for nothing.
Well, there's still a future for decentralised exchanges. Generalizing the incident won't even have contribution with this technology in general and to investors as well. Not all exchangers are negligent with their funds. Observe as well the number of incidents rekated to what happened 'coz on my awareness, there's only a few. Decentralised exchangers in this industry are still more preferred avoiding taxes from centralized ones and ofcourse anonymity with your assets. So I still believe that there's a bright future ahead.
Despite the setbacks in 2022, decentralized exchanges will have a bright future with a twisted development path. Centralized exchanges like Binance have been of importance and this will continue in the future as well. The best outlook is for CEX and DEX coexistence for a long time. Actually I firmly believe that the combination of both or more options is always in users interests and to eliminate one thing or another is just naive and incompetent to deal with problems.
Coexistence Indeed is more likely to happen. Centralised and decentralised exchangers has their own advantages over one another. It is just a matter of preference for the investors or users whoch simply makes sense.
Despite the setbacks in 2022, decentralized exchanges will have a bright future with a twisted development path. Centralized exchanges like Binance have been of importance and this will continue in the future as well. The best outlook is for CEX and DEX coexistence for a long time. Actually I firmly believe that the combination of both or more options is always in users interests and to eliminate one thing or another is just naive and incompetent to deal with problems.
I am not sure if people will prefer to use Uniswap or PancakeSwap in the future. I believe people won't stop to use top CEXs like Binance, Kucoin, Coinbase, or Kraken because they have good features for trading and have big volumes as well. But people will be more careful to manage their tokens, they probably won't keep their coins on CEXs for a long time anymore. They are aware that keeping coins on CEXs is high risk, CEXs can have a problem at any time. They can't secure their coins because CEXs that have a full control to the coins.
Decentralized and centralized exchanges has it's own advantage and disadvantages and it will all depends on the user on which weighs more. I personally prefer using decentralized exchanges but I still use my centralized exchanges for some pairs and other things such as P2P trading but I don't store a big amount of crypto on centralized exchange given that there's a risk in it. such as i trade in p2p on binance and kucoin exchange,
it is a big advantages to use centralized exchanges even though cex is high risk instead of dex.
Indeed, CEX is appealing because of its convenience, even though it is not safe. Users pay for convenience with additional risk for their money. Frankly speaking, I can't completely reject centralized exchanges either, because it is more convenient to trade there, there is no slippage and it is much more convenient to exchange different coins or withdraw profit. As long as cryptocurrency is dominated by fiat, people will not give up centralized exchanges.
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