Topic: Why are centralized exchanges still dominating the crypto space? - page 3. (Read 13127 times)

im a regular user decentralized exchange and i also use a couple of centralized exchange .  id say not all dex exchange are bad or have a bad interface  . fork delta for example  , fd is simple and clean  . its fast compare to etherdelta but the problem is the volume  . fd and other dex exchange have a low volume compare to the centralized one's   .

Centralized exchange offering more good User Interface and speed of transaction. Decentralized exchange is good but trading volume not too big to move the price and i think many people trade in crypto, not for long term, its more faster for trader using centralized exchange

Because now I see how many cryptocurrencies are already covered by centralized authorities. You have to understand that people have invented decentralization in order to avoid all this collapse, therefore, the centration can be called a relic of the past.

It is very understandable that Satoshi did not want this, he wanted everything totally decentralized, even the Exchanges, the main reason I think that there are these Centralized Exchanges, it is for the security that it offers to the Traders, the confidence and security that comes from having the Safe money and not being targeted for possible scams is what many operators seek.

Everything lies when money is converted into Crypto Money Fiat, there everything changes, because it is when it is taken from the digital to the real. In addition, it relies more on Level 1 Exchanges, since many operators have been stripped of their balance sheets because they trust Exchanges without any type of reliability.

That's certainly true, mate. Undoubtedly, centralized exchanges have greater performance, and user friendliness than their decentralized counterparts. Even with all the downsides existent within centralized exchanges (like hacks, theft, and lack of privacy), people seem to trust them more than decentralized ones. The reasons for this are obvious, since decentralized technologies are not proven or tried and tested.

Because of this, I believe that centralized exchanges will continue to dominate the crypto space for a very long time. Still though, decentralized exchanges will not cease to exist as they're viable alternatives against centralized ones. Instead, both decentralized and centralized exchanges will live alongside each other for many generations.

Nonetheless, what's important is that crypto stays as decentralized as possible. Knowing that centralized exchanges are subject to government regulations, countries can restrict or ban crypto trading completely, resulting in less adoption within the mainstream world. If this happens, then decentralized exchanges would be the only way to go towards switching from one coin to another. In the end, it's all a matter of adoption whenever both approaches (centralized and decentralized) will survive in the future. Just my thoughts

Centralized exchanges won the competitions as decentralized exchanges are still not user friendly,
having no customer services, can be hacked as well etc. Hopefully this will change in the future.
Waiting for the Binance DEX launch this month.

I think this situation is temporary. Someday we will see a convenient decentralized exchange, where beginners will can trade without any problems.

I know that decentralized exchanges has more security than centralized exchange, since there is no database where transactions are being stored but rather carried out on the blockchain directly.

The only problem I have with decentralized exchanges id that they don't have a user friendly platform, I as a dev found it hard to make use of the platform how much more a newbie in the crypto space that don't really understand how the crypto market works.

I would love to use DEX, but for now, there is no such DEX with really convenient UI, sufficient operation speed and liquidity. But I guess we will see fast DEX with all such features onboard in near 1-2 years.

in my opinion people still use the centralized exchange because it is more popular and the accounts we have are protected by the company so security is higher than the decentralized exchange. but actually the decentralized exchange can also be as long as we store our account like a private key safely, the security is much higher and simpler

if a decentralized exchange has the trust of a trader it will definitely be an attractive place, where security and convenience in trading will be more value than exchange. I think what is still believed is the long-standing exchange of decentralization. for those who are new, there must be a lot of consideration.

The share of centralized exchanges still remains very high. But de-centralization is inevitable.Centralized exchanges still have many users: they bargain by habit.Who understands that the exchange should not be dependent on one group of people, have good functionality and be safe, he will choose a decentralized one.

It has a lot of advantages over Dex especially it has a nice user interface unlike most dex that are terrible to navigate. Also, it's easier to track and make complaints in case there is an issue.

ultimately it comes down to trust and user experience. If there are no issues when exchanging and people can easily receive fiat then they are more likely to use this system now. even more so now that binance partnered with CipherTrace to help with AML and  all other scams

I noticed centralized exchanges has more volume than decentralized exchanges, most of it are stagnant the trading movement is so slow. While on centralized the movements is fast your order will be filled sooner and many traders are getting used to it.

Centralized exchanges are more used as their platforms are more user friendly and they have customer services. Let`s will it change with Binance DEX.

Right, even a lot of people said crypto must be decentralized include markets, people like me will like to make account and then deposit in there. Deposit, withdrawal and trade is easier than decentralized exchange from my personal opinion.

The most obvious reason is the Centralized Exchange can deposit and withdraw FIAT. And this is the only way that traders can pass. Withdrawing money to a bank account is the main goal after getting profit from trading.

Personally, I would prefer to use decentralized exchanges, but until now I have not found any with enough volume to efficiently carry out my trading needs. I have no doubt that this will be the unpostponable fate of the market, but in the meantime everything seems to indicate that centralized exchanges will continue to dominate the market for quite some time as long as decentralized options that satisfy both users and financial authorities emerge, more and more involved and concerned about the issue.

One clear reason is the huge volume associated with them, this is one of the things that draw traders mostly into using centralized exchanges. Also, they are easy to navigate, have friendly environment and easily accessible.