Topic: Why are centralized exchanges still dominating the crypto space? - page 4. (Read 13091 times)
April 14, 2019, 04:53:39 PM
I think people still use centralized exchanges because they are start using them and now they have some trust on them and keep continue using them, maybe decentralized exchanges need more exposure and maybe some promotion for people to start using them.
April 14, 2019, 04:25:59 PM
In my own understanding, Centralized exchanges are still dominating owing to the fact they are usually user friendly with amazing UI, example is Binance. Also, centralized exchanges tends to have higher volume with larger users.
April 14, 2019, 02:48:49 PM
I think we need centralized exchanges . Funds and big institutions i guess can't use DEX'es , not sure if they can use centralized ones currently , but as there will be green light for them , watch out from price spikes in BTC =] Hopefully it will be huge
April 14, 2019, 02:45:17 PM
Their is many thing behind the popularity of Centralised Exchange. The first thing is it's easy to use for all the people. Most of the new people find something which is easy to use and looks trusted. And when they are into it they never shift. The second thing is organised team and always up-to-date. The one one more main reason is marketing. This is a very good point for popularity of cex. There is almost no marketing for decentralised exchange
Pust their is enough find which is help a bit to centralised exchange to win the race. Plus now decentralised exchange have very low volume in most of the tokens. So most of the people are not interested in this kind of experience.
Pust their is enough find which is help a bit to centralised exchange to win the race. Plus now decentralised exchange have very low volume in most of the tokens. So most of the people are not interested in this kind of experience.
April 14, 2019, 02:06:37 PM
Current decentralized exchanges are unfriendly for newbies, have low trading volumes and work so slowly. We need a completely new dex that will change the community’s view of it. Probably it will be dex by Binance. Let's see.
Bcz who will be responsible for DEX break? And today we have so poor productivity in the CEX but what will be in the DEX? I think we will see it lower. Who wants to trade with such lags as on the FD/ED for example? When every tick can make us richer? 
April 14, 2019, 01:41:00 PM
Current decentralized exchanges are unfriendly for newbies, have low trading volumes and work so slowly. We need a completely new dex that will change the community’s view of it. Probably it will be dex by Binance. Let's see.
April 14, 2019, 12:56:42 PM
People use CEXs because that is where the trade volumes take place. If BISQ becomes more popular then people will switch over but i will take time. Also, there are atomic swaps which is even better than DEX's
April 14, 2019, 12:14:05 PM
Ever since Bitcoin launched back in 2009, the rise of centralized exchanges has been inevitable. A few years later, and now the whole crypto market is dominated by centralized exchanges. While there have been many alternatives to the solution (such as decentralized exchanges), people are still performing trades at centralized entities.
Now the real question is why this is happening, since after all, Satoshi intended Bitcoin to be free from middleman or third parties? Depending on an exchange or custodian, greatly defeats the purpose of true decentralization. Knowing how oppressive some governments are, it'll be easier for them to stop usage of crypto whenever they want to by just targeting centralized exchanges.
Nonetheless, what are your thoughts about this?
In my case im often use a centralized exchange mostly because im after only with volume, But im also used Decentralized Exchange too while the big problem on DEX is not much volume to offer volume is very important if you are practicing day trading I think thats the primary reason too why cryptocurrency enthusiats are also using Centralized Exchange widely. Now the real question is why this is happening, since after all, Satoshi intended Bitcoin to be free from middleman or third parties? Depending on an exchange or custodian, greatly defeats the purpose of true decentralization. Knowing how oppressive some governments are, it'll be easier for them to stop usage of crypto whenever they want to by just targeting centralized exchanges.
Nonetheless, what are your thoughts about this?
April 14, 2019, 12:08:19 PM
Santoshi design bitcoin which is decentralized and free from any individual involvement but bitcoin run on the blockchain which is not design by santoshi him self and the blockchain have several features where exchange is one of them and this exchanges are own by individuals or group who control the affairs and activities as it involves it operations. Decentralized exchanges are just coming up now and it will take time before they become popular and used by the members of the crypto communities.
April 14, 2019, 12:05:18 PM
Ever since Bitcoin launched back in 2009, the rise of centralized exchanges has been inevitable. A few years later, and now the whole crypto market is dominated by centralized exchanges. While there have been many alternatives to the solution (such as decentralized exchanges), people are still performing trades at centralized entities.
Now the real question is why this is happening, since after all, Satoshi intended Bitcoin to be free from middleman or third parties? Depending on an exchange or custodian, greatly defeats the purpose of true decentralization. Knowing how oppressive some governments are, it'll be easier for them to stop usage of crypto whenever they want to by just targeting centralized exchanges.
Nonetheless, what are your thoughts about this?
Lot of coins are available on centralized exchange so which makes me force to trade on that exchange whenever I want.I never had experience with DEX because I found it is not best when compared to CEX.Now the real question is why this is happening, since after all, Satoshi intended Bitcoin to be free from middleman or third parties? Depending on an exchange or custodian, greatly defeats the purpose of true decentralization. Knowing how oppressive some governments are, it'll be easier for them to stop usage of crypto whenever they want to by just targeting centralized exchanges.
Nonetheless, what are your thoughts about this?
April 14, 2019, 11:45:36 AM
Well the DEX-es are still in their early stages of development so its to be expected that bigger players in crypto space will operate on already established centralized exchanges. That being said, the upcoming Nash and Binance DEX-es could mean a major paradigm shift, which would be more than welcomed.
April 14, 2019, 11:38:31 AM
Ever since Bitcoin launched back in 2009, the rise of centralized exchanges has been inevitable. A few years later, and now the whole crypto market is dominated by centralized exchanges. While there have been many alternatives to the solution (such as decentralized exchanges), people are still performing trades at centralized entities.
Now the real question is why this is happening, since after all, Satoshi intended Bitcoin to be free from middleman or third parties? Depending on an exchange or custodian, greatly defeats the purpose of true decentralization. Knowing how oppressive some governments are, it'll be easier for them to stop usage of crypto whenever they want to by just targeting centralized exchanges.
Nonetheless, what are your thoughts about this?
Lot of coins are available on centralized exchange so which makes me force to trade on that exchange whenever I want.I never had experience with DEX because I found it is not best when compared to CEX. Now the real question is why this is happening, since after all, Satoshi intended Bitcoin to be free from middleman or third parties? Depending on an exchange or custodian, greatly defeats the purpose of true decentralization. Knowing how oppressive some governments are, it'll be easier for them to stop usage of crypto whenever they want to by just targeting centralized exchanges.
Nonetheless, what are your thoughts about this?
April 14, 2019, 11:33:54 AM
You will find a dozen reasons why the crypto market is dominated by centralized exchanges and for the time being, it will continue to dominate the market.
Centralized exchanges are better than decentralized ones in the following factors like higher volume, liquidity, better support and user experience etc..
While decentralized exchanges are good too a higher number of people support centralized exchanges.
Centralized exchanges are better than decentralized ones in the following factors like higher volume, liquidity, better support and user experience etc..
While decentralized exchanges are good too a higher number of people support centralized exchanges.
April 14, 2019, 10:25:15 AM
This is a big problem for our crypto-alpine world. Such situations are now a problem for us. I see that now there is a domination of the centralized world. But I hope that all this will change in the near future.
April 14, 2019, 07:57:36 AM
I think that this is due to the fact that they are easier to use and have higher liquidity. At this moment, centralized exchanges are better suited for trading than decentralized.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
April 14, 2019, 07:53:12 AM
I think because it is already launched for long time. That is why people already comfort to use them and we know decentralized exchange make us use our private keys to login, centralized exchanger we only need to make account in there.
People are still not really into decentralized exchange simply because they are not used to all complicated and new things the decentralized exchanges currently have, it's like as you said, they are already in a comfortable zone and not seeking for any better option. However we can't force them to switch on decentralized exchange because it's just not our business. 
April 14, 2019, 07:50:24 AM
Newcomers don't care about centralization, they'll always use the popular exchanges which offer a user-friendly experience. Using a DEX that's relatively unknown compared to the big exchanges could be a bit "scary" to someone new in the cryptosphere.
And investors and traders prefer using centralized exchanges as they offer higher liquidity, plus, they also prefer using exchanges that comply with KYC/AML policies because they provide safety and transparency.
And investors and traders prefer using centralized exchanges as they offer higher liquidity, plus, they also prefer using exchanges that comply with KYC/AML policies because they provide safety and transparency.
April 14, 2019, 07:47:56 AM
Since the first big scam ICO, new projects keep refusing the facts about the usability case of crypto in the real world. So many investors left this industry for analytical purposes. Decentralized projects are part of the system but it is early to talk about it in my opinion.
April 14, 2019, 07:36:49 AM
Ever since Bitcoin launched back in 2009, the rise of centralized exchanges has been inevitable. A few years later, and now the whole crypto market is dominated by centralized exchanges. While there have been many alternatives to the solution (such as decentralized exchanges), people are still performing trades at centralized entities.
Now the real question is why this is happening, since after all, Satoshi intended Bitcoin to be free from middleman or third parties? Depending on an exchange or custodian, greatly defeats the purpose of true decentralization. Knowing how oppressive some governments are, it'll be easier for them to stop usage of crypto whenever they want to by just targeting centralized exchanges.
Nonetheless, what are your thoughts about this?
Decentralised exchanges are most time difficult to use, many people have lost a lot of funds on decentralised exchanges. But with centralised exchange e.g binance the UI is very user friendly and the security that comes with it are top notch unlike decentralised exchanges where your private keys can be easily compromise. Now the real question is why this is happening, since after all, Satoshi intended Bitcoin to be free from middleman or third parties? Depending on an exchange or custodian, greatly defeats the purpose of true decentralization. Knowing how oppressive some governments are, it'll be easier for them to stop usage of crypto whenever they want to by just targeting centralized exchanges.
Nonetheless, what are your thoughts about this?
April 14, 2019, 07:19:15 AM
I think because it is already launched for long time. That is why people already comfort to use them and we know decentralized exchange make us use our private keys to login, centralized exchanger we only need to make account in there.
Jump to: