We cannot say that DEX capabilities are DEX unless the code is open source and you can host the service yourself or it is a type of P2P where you can access the private key and send money to guarantee it. It is a multi-signature wallet with 3 or more keys and one of these keys is for guarantee.
What is happening is that some CEX platforms are trying to attract some customers by adding features that do not require KYC or tokens that do not need to be listed, meaning that some CEX platforms are managing a smart contract and allowing others to use it.
Topic: What's your take on CEX platforms integrating DEX capabilities like swapping? - page 3. (Read 402 times)
November 04, 2023, 03:35:10 AM
November 03, 2023, 03:46:10 PM
So, what's your take on CEX platforms integrating DEX capabilities?
The swap system is not new to the CEXs, I think that good for both parties and ultimately good for the users where both of these competitors are gonna try hard to introduce new features to attract more users. The Only issue why still people are sticking to the CEXs is inappropriate information and Network fees.
The DEX trading costs far more fees compared to the centralized trading platform. I've seen maximum users preferring their trading activities on the CEXs and risking their funds custody just to save on the fees.
OP I have some suggestions for you such types of topics are really not considered Quality contributions, You should put more effort while creating a new topic, such questions can be asked on any relevant thread by mentioning any senior.
November 03, 2023, 12:30:09 PM
So, what's your take on CEX platforms integrating DEX capabilities?
In my opinion, having that feature on the CEX is not ideal because you can trade. The only advantage of having swapping feature is that you don't have to take multiple steps before you can have the crypto you desired. You can convert your token other tokes with trading so there's no point to add swapping feature in the exchange especially if you're using Binance with it's new feature "convert", you really don't have to pay for the fee. 
November 03, 2023, 11:09:41 AM
There are some places that are taking whatever features that people liked with DEX, but that doesn't mean that it's actually decentralized, plus not like we really need it to be like that neither, we are fine with as it is and shouldn't really approach it any differently.
I personally believe that the best thing we could do at this moment is to make sure that CEX we use will not scam us and take all our money and leave, there has been a lot of places like that, so do not invest into some small cap exchange just because it has your favorite new meme shit token, there are a lot of people who lost millions combined just because of things like that.
Real centralized exchanges, ones like coinbase, binance and so forth are real places that people like to keep their money in, and those places are much better than any decentralized exchange you can think of, it's really making a big deal out of the situation and should be used a lot more on the long run whenever you can.
I personally believe that the best thing we could do at this moment is to make sure that CEX we use will not scam us and take all our money and leave, there has been a lot of places like that, so do not invest into some small cap exchange just because it has your favorite new meme shit token, there are a lot of people who lost millions combined just because of things like that.
Real centralized exchanges, ones like coinbase, binance and so forth are real places that people like to keep their money in, and those places are much better than any decentralized exchange you can think of, it's really making a big deal out of the situation and should be used a lot more on the long run whenever you can.
November 03, 2023, 07:59:42 AM
It's good, here you don't need to pay gas fees either.
November 03, 2023, 07:49:19 AM
It's nothing new, you can actually find a swapping feature in various CEXs, it's called "instant swap/exchange".
The implementation of swapping on CEX is actually more efficient, because they usually only charge a relatively cheap service fee and the settlement speed is only a few seconds like regular spot trading.
The implementation of swapping on CEX is actually more efficient, because they usually only charge a relatively cheap service fee and the settlement speed is only a few seconds like regular spot trading.
November 03, 2023, 06:55:35 AM
So, what's your take on CEX platforms integrating DEX capabilities?
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