Where do you see the future of exchange going?

Febo

legendary

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Quote from: ?? on ??

just like what Binance is doing with Binance DEX.

Binance is extremely far from having at least a part of the exchange a decentralized exchange. It will be a long process before they will manage to show some results. It that is their priority ofcourse.

BitcoinPanther

hero member

Activity: 1918

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I think everything will be on smooth transactions if they will develop the exchanges well. The good thing is that the competition between exchanges continues through out the years and everyone goal to be the most advanced and the most sophisticated exchange which offers reasonable fees.

Nellayar

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Roobet supporter and player!

Quote from: sulis sudibyo on July 18, 2019, 10:52:35 AM

Quote from: andrea1234 on July 18, 2019, 09:28:39 AM

Do you believe that businesses and enterprises will get into DEX’s as well?

I believe that, DEX is the answer to the problem. with DEX all being transparent, there is no more volume manipulation because trade is decentralized.

But DEX are sometimes ruin the coin. A lot of decentralized exchange are not capable to hold the coin in its stability price. Many coins are going down severly in dex. Though it is not manipulated by one person. Many people can control the price. And it result for a big dump of the coin.

cryptobae10

jr. member

Activity: 658

Merit: 5

I cannot explain exchange platform in the years to come
Because day by day; we are having more exchanges than tokens

Then how many tokens will trade in these exchanges
Is there anything different from what these exchanges offers ?

I do not see an encouraging future

axel2078

full member

Activity: 532

Merit: 100

I don't think there is anything wrong with getting listed on a Decentralized Exchange (DEX), because it is another form of exchange where security is the main priority. So I think getting listed on DEX is a good thing and upcoming businesses should try it out. In the same way, when talking about security issues in most exchanges now I think the future of DEX is safe and sound.

carrigan

member

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I am a little confused between the title and content of the post. But what I'm catching here is the possibility of new businesses that might enter DEX and the new crypto market. Today, more and more businesses and companies that target their technology are accepted in the market, the coins they release will be able to enter to the DEX if they themselves are able to manage well, promote attractively, and convince potential buyers and investors to get it.

ljane

full member

Activity: 467

Merit: 100

Now every project wants to integrate exchange into their project and I don't know why. For me I see the future of exchanges being bad in the sense that, people are using that medium to dupe individuals of their monies. Because of these exchanges too, scamming is increasing overwhelmingly.

proTECH77

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This is very hard to predict, my friend. Security is very relative, but decentralized exchanges are much safer than centralized ones.

True, the advantage of decentralized exchanges are many compare to that of the centralized types. In the future, we will see series if exchanges that will be created as decentralized exchanges and others with centralized exchanges, and the industry will be open for serious business both with the public or the private system.

Flezy

jr. member

Activity: 707

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Businesses and enterprises can get listed on any exchange of choice if they meet up with the requirements of the exchange in question. So whether Dex or Cex, it all lies within the business; that is, what they want. Furthermore, I do not think Dex will reject a project for listing if it's in line with their T&C.

kingpin4321

member

Activity: 280

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Yes it now down to when this would happen and what type of business would go on it. I think in the future business would develop coins that would improve there transcation and this coins would maybe be on exchanges

chocopapaya

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Merit: 131

Of course!
The greatest thing about dexs is that it is exactly what crypto was built for.
Also, there are so many projects out there where you can create your own marketplace, dex, or atomic swap that basically anybody can create their own exchange.
And that is where we will start to see the middleman becoming more and more unnecessary.

companies can create their own direct trade channels without using someone else's programs.
It's more efficient, more cost effective, and with smart contracts, more reliable.
Eventually, I believe that what we will see is not just dexs incorporated into business, but daos as well.
It truly is very exciting!

Emmy92

jr. member

Activity: 837

Merit: 1

Of course DEX is another category of exchange and I see no reason for them not to get listed. Furthermore, in terms of security, DEX is topping the charts. In addition, the future of exchange is bright because it is now proven that only the decent ones will continue striving.

Spaffin

full member

Activity: 1316

Merit: 108

In the near future, many users of cryptocurrency will change their minds about decentralized exchanges. And first of all, everyone will try to use cryptocurrency freely, but because of the obstacles on the part of the government, we will have to work openly, which will lead to the refusal of the current form of decentralization.

CoinsOrDie

full member

Activity: 448

Merit: 100

I think centralization is calling. Right from the battles cryptocurrency exchange face in operations in United States, its either they conform to their demands to operate in the US market or exit. Recently, Binance International and Bittrex has ceased operations in US in order to create an exchange that will suite the requirements. This is just the beginning I think

Airelves09

member

Activity: 298

Merit: 10

I think decentralized exchanges are just an alternative to centralized exchanges. At present, most of the transactions are conducted on centralized exchanges. For those who have individual privacy needs, they will choose decentralized exchanges. So I think these two trading models will coexist in the future.

bitc0000

full member

Activity: 420

Merit: 101

Why not? Decentralized Exchanges has proven by far to be the most safest type of exchange. I think any project getting listed in exchange depends on what the team wants, because I know there is no Decentralized Exchange that can reject listing by any project. So in my own opinion, the future of Decentralized Exchanges is bright and promising.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: andrea1234 on July 18, 2019, 09:28:39 AM

Where do you see the future of exchange going?

Do you believe that businesses and enterprises will get into DEX’s as well?

Everyone will only use DEX. It makes no sense otherwise. Why would anyone need a trust of 3rd party to exchange their coins with same easy and costs?

BestAltcoinHunter

newbie

Activity: 60

Merit: 0

I think centralized exchanges will continue to dominate. When people lose money they need someone to blame or someone to help them. If you lose your money on a DEX it's gone forever. I think the next Binance and BNB will be COSS exchange and their COS token. Don't miss out on this little gem!

sujonali1819

legendary

Activity: 2436

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I have seen in this forum from some post that there is no future of centralized exchange. But I don't think this is the right opinion. Because people are always finding an easy way in whole life. And centralized is easier than decentralized I think. and have not more volume on the decentralized exchange. So people always feel comfortable to use a centralized exchange. But it is right that decentralized is safer than centralized.

ATSgrowth

full member

Activity: 924

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homt.net

Maybe one day, when they realize that is much better to manage DEX instead of CEX. Imagine if strong regulations will be applied what will happen to the CEXs? They will stop with centralized solution and rather develop DEX.

Prompyboo

sr. member

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World's First Crowd Owned Cryptocurrency Exchange

The time when decentralized exchanges will be used more than centralized will come one day, but this will not be very soon.

yangongear

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Merit: 100

Quote from: andrea1234 on July 18, 2019, 09:28:39 AM

Do you believe that businesses and enterprises will get into DEX’s as well?

Right, you can see bot OKex and Binance are developing their chain to implement DEX. If they can integrate cross-chain technology as well as assure trading volume, the future of the exchange will be DEX.

pedpedped101

jr. member

Activity: 552

Merit: 1

There is nothing special about being on DEX. Any project, whether private or public, small or large enterprises. Inasmuch as it is related to blockchain technology, it can be on DEX. Although, because of the fact of volume on a lot of DEXes, projects do not feel encouraged to list on them, except there is lack of fund to process CEXes.

bluesnup

jr. member

Activity: 123

Merit: 1

Quote from: tsaroz on July 18, 2019, 11:47:52 AM

Quote from: andrea1234 on July 18, 2019, 09:28:39 AM

Do you believe that businesses and enterprises will get into DEX’s as well?

DEX is now proved to be beneficial for business. As large enterprises are entering the crypto market, they'll surely create better dex and a token required to trade on the dex. They'll loosen the fees to attract users. They'll hold 90% of the token while circulating 10 and make gradual profit by sending those tokens to the market gradually. Then there would always be those fees.

A DEX is supposed to be privacy focused and no data sharing. This goes against the business model of any company and it will get them in legal troubles. Companies could create a normal exchange and comply to any regulation in order to be "Legal".

For example if any public company does what SwitchDex is doing and don't comply to the KYC or any other regulation + not recording personal information they would get sued and jailed by the "justice" system. Most companies won't riskt that.

bluesnup

jr. member

Activity: 123

Merit: 1

I see them splitting into 2 routes.

The first one is the corporate one. Banks and other big companies including binance, kucoin and other exchanges complying to the KYC leaking customer informations and everything. Having the same privacy as facebook lol

The second option is the same route SwitchDex is taking, going full privacy and security focused. No complying to the KYC or any other regulators, obviously they won't be as popular as the others but i'm sure the core cryptocurrency group will appreciate having some exchanges that actually care about the customers privacy and security.

icekohl

full member

Activity: 339

Merit: 100

Quote from: andrea1234 on July 18, 2019, 09:28:39 AM

Do you believe that businesses and enterprises will get into DEX’s as well?

When the cross-chain transaction protocols are fully developed, I think DEX will be the trend of future exchanges. Currently Binance is also using Cosmos's technology to improve their Binance Chain to solve this problem, so I believe in that.

tsaroz

legendary

Activity: 2982

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Quote from: andrea1234 on July 18, 2019, 09:28:39 AM

Do you believe that businesses and enterprises will get into DEX’s as well?

DEX is now proved to be beneficial for business. As large enterprises are entering the crypto market, they'll surely create better dex and a token required to trade on the dex. They'll loosen the fees to attract users. They'll hold 90% of the token while circulating 10 and make gradual profit by sending those tokens to the market gradually. Then there would always be those fees.

caffu chino

member

Activity: 532

Merit: 10

Quote from: eternalgloom on July 18, 2019, 10:14:23 AM

I don't think that everyone will just magically switch to using decentralized exchanges.
Regular exchanges are basically becoming too big to fail and you'll still have people who'll use them, just because it's way easier.

Don't get me wrong, I would certainly think it's a good thing if more people started using DEX's, but not everyone will do so.

for now, people prefer to use centralized exchange because it is easier to use and has a higher trading volume than DEX. but what if one day there is a good and quality decentralization exchange. I'm sure everyone will use it. and sooner or later CEX will be abandoned.

bartolo

hero member

Activity: 1176

Merit: 501

It will depend on users. Right now there is a boom of hybrid and DEX exchanges, even big centralized exchanges have their own alternative version. This shows that there is a demand for DEX exchanges, but that demand must be confirmed with facts. If users chose DEX over centralized exchanges, most of them will move in that direction, if users think DEX are too difficult for them or they don't want to be responsible for their coins and prefer centralized exchanges, then, those exchanges will prevail. Taking into account that new users are more likely to choose centralized exchanges while existing users may prefer DEX, I think we will see both models coexisting.

takngantuk

full member

Activity: 1024

Merit: 100

I see the future of crypto exchanges on DEX. currently Binance is developing its decentralized exchange (Binance DEX). if this works, there will be many other exchanges that will follow Binance's steps. with many problems in centralized exchanges such as manipulation, bot, deposit and withdrawal problems and much more. DEX can solve all these problems.

sulis sudibyo

member

Activity: 882

Merit: 11

Volare.network

Quote from: andrea1234 on July 18, 2019, 09:28:39 AM

Do you believe that businesses and enterprises will get into DEX’s as well?

I believe that, DEX is the answer to the problem. with DEX all being transparent, there is no more volume manipulation because trade is decentralized.

DeepChipolino

member

Activity: 658

Merit: 11

The ease of transferring funds between blockchains, ease of use, liquidity - these are the factors that will leave CEX in business for a long time.
Mass adoption has not yet come; useful technical solutions to ensure cross-blockchain transactions with minimal exchange rate losses are still in dev. Therefore, DEX has the opportunity only in the future to obtain sufficient liquidity. How soon? It seems that this time is further and further...

eternalgloom

legendary

Activity: 1792

Merit: 1283

I don't think that everyone will just magically switch to using decentralized exchanges.
Regular exchanges are basically becoming too big to fail and you'll still have people who'll use them, just because it's way easier.

Don't get me wrong, I would certainly think it's a good thing if more people started using DEX's, but not everyone will do so.

Novatech8

member

Activity: 700

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Sovryn - Brings DeFi to Bitcoin

Decentralized exchange has proven to be the safest hive for trading crypto assets but I'm sure centralized exchanges won't become extinct because of decentralized exchanges,exchanges like binance,huobi,okex will be around for many years to come

BlackFor3st

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There is a big chance that they will use it especially if they know that their money is safe. But if we are going to talk about safe, I am pretty sure that no exchange that can provide 100% security even if they are centralized or decentralized.

This is the harsh truth in online exchanges but if at least they can give an assurance to the users that they will make sure to provide an utmost security then there is a big chance that it will happen in the future.

jawatulen

full member

Activity: 398

Merit: 100

Quote from: andrea1234 on July 18, 2019, 09:28:39 AM

Do you believe that businesses and enterprises will get into DEX’s as well?

maybe yes, because as i knew decentralized exchange is safer than centralized exchange my friend
so, in my opinion, in the future a lot of people will use dex rather than cex

andrea1234

newbie

Activity: 58

Merit: 0

Do you believe that businesses and enterprises will get into DEX’s as well?

Topic: Where do you see the future of exchange going? (Read 477 times)