Topic: Will Dex's Dominate the Cex's in near future? - page 2. (Read 634 times)
It seems that the Defi trend is helping investors to understand the value of Dexs. I cannot predict anything but after the events of ICO investing through Dex will change the view of many people about Dex. This will be great for future Dex developers, as future ICO projects will raise capital through Dex channels and this is an opportunity for them. Hopefully there will be some Dex emerging after this Defi trend, our market will diversify.
Dex still have lot of problem but i think dex is the future platform for trade. Past few weeks we saw how defi projects and dex exchanges doing great. Most of people don't know about Uniswap exchange few months ago but now this is one of the biggest dex exchange in crypto space. Many well known crypto genius even binance CEO told before that dex will be rule the crypto world in future and it seems that time already stared.
Looks great because DeFi hype, prices go up significantly which definitely makes volume look high, not because it can provide new innovation to DEX, when DeFi starts to fade there will definitely be a decrease in volume before there are new projects types that being trend.
That will be the dream of most traders as the CEX collect much information from trader which is against the anonymity of the blockchain revolution.
Dex still have lot of problem but i think dex is the future platform for trade. Past few weeks we saw how defi projects and dex exchanges doing great. Most of people don't know about Uniswap exchange few months ago but now this is one of the biggest dex exchange in crypto space. Many well known crypto genius even binance CEO told before that dex will be rule the crypto world in future and it seems that time already stared.
Don't trust too much about this Uniswap exchange. They may be doing good right now because of the DeFi hype but once dust settled, I don't think it will still be the same. I have the feeling that this exchange will be full of crap projects later on. As they can accept every project that wants to be listed and no filter whatsoever, the time will come that worthless tokens will pile up on top of another. I still believe that we need some criteria in this market, especially that scammers are everywhere in this industry. So I still vote for CEX.
As far as I know they can leave domains after all they do have Apps for IOS and android just like bitsdaq and blocknet they can leave domains because they can be installed locally. Its hard for them to be located by users though if they won't have a webpage.
The projects in the past run like this back in the days where only wallets are to be downloaded from megaupload links.
The projects in the past run like this back in the days where only wallets are to be downloaded from megaupload links.
Going from a site to an app is just swapping one form of vulnerability and centralisation for another. There'll still be back ends that can be accessed and messed with.
The natural place for this is on chain or baked into the reference wallet. No idea how easy or hard that is. Maybe not too sexy for marketing purposes though.
wow, that is a very impressive volume, arguably the largest volume in DEXs ever. But let's look back, Uniswap has increased volume a lot based on the recent Defi trend and it is only a tool for investors to buy, in addition, the main activity of investors or whales is still in exchanges. I think this is just a temporary explosion of Uniswap and if the Defi trend ends then everything will be back to the beginning. so do not fomo on Dex, it will never replace Cex.
We do not really need that DEXs replace CEXs we need for them to become a viable alternative for those that want to trade with a decent amount of capital, some time ago I remember that I tried to buy bitcoin in one of those DEXs and the volume was so low that it was simply not worth my time, and I must say that I do not really have a lot of money to buy bitcoin, so it seems that things are changing and that is good.However as you say I really think that what it is happening is that people are getting too excited about this DeFi trend and this will be a problem because I do not see how this can be maintained over the long term and this means that a crash in the volume of DEXs is inevitable.
Dex still have lot of problem but i think dex is the future platform for trade. Past few weeks we saw how defi projects and dex exchanges doing great. Most of people don't know about Uniswap exchange few months ago but now this is one of the biggest dex exchange in crypto space. Many well known crypto genius even binance CEO told before that dex will be rule the crypto world in future and it seems that time already stared.
Don't trust too much about this Uniswap exchange. They may be doing good right now because of the DeFi hype but once dust settled, I don't think it will still be the same. I have the feeling that this exchange will be full of crap projects later on. As they can accept every project that wants to be listed and no filter whatsoever, the time will come that worthless tokens will pile up on top of another. I still believe that we need some criteria in this market, especially that scammers are everywhere in this industry. So I still vote for CEX.
Dex still have lot of problem but i think dex is the future platform for trade. Past few weeks we saw how defi projects and dex exchanges doing great. Most of people don't know about Uniswap exchange few months ago but now this is one of the biggest dex exchange in crypto space. Many well known crypto genius even binance CEO told before that dex will be rule the crypto world in future and it seems that time already stared.
I hope they go out of business. I got my coins "frozen" for over 2 years on a big exchange that everyone loves because i comited a crime of traveling so it's for my protection. I had to do KYC which I did then web cam, then more nothing now they want me to show camera video of where I origianted first deposit and crap like that so they just want to steel my fund. I have google autenticator i can trade i have access i just cant remove they blocked it. I hope they bancrupt scum! I like dexes because of scum like this who want me to dance like a monkey on a camera to get my own bitcoin they stole.
You would really need to deal up with this kind of thing when you are using up centralized platform since they do have all the power and rights on their users funds and when they do neither saw a true problem or just trying to steal out funds then they would really be making these bullshit alibis.
Decentralization is what we want but we cant deny that centralized platform does really have significance even though it isnt really that appealing for such having being controlled
but people do need to make up some conversion to or from fiat which dex cant offer.
These platforms will still exist but cant dominate Cex's in future.
This is just a short term boom. In fact, Dex existed at the same time as Cex many years ago but it has not exploded yet. Due to the emerging trend of Defi, many investors choose Uniswap to trade, it will be more convenient and in the right way that project owners want. In my opinion it is only about 3 months until the Dexs will be silent again and nothing great will happen, so do not expect too much on Dex, where transaction fees are high and inconvenient. it has never been an exchange in accordance with the criteria of the traders.
Decentralized exchanges are not going to support trading on different blockchains so the usability is lot less than centralized exchanges, and security is supposed to be higher in DEX but in reality decentralized exchanges are also hacked and no one is going to take responsibility for that which is the reason why people trusting centralized exchanges where they have team to keep tracking all the security breaches.
I hope they go out of business. I got my coins "frozen" for over 2 years on a big exchange that everyone loves because i comited a crime of traveling so it's for my protection. I had to do KYC which I did then web cam, then more nothing now they want me to show camera video of where I origianted first deposit and crap like that so they just want to steel my fund. I have google autenticator i can trade i have access i just cant remove they blocked it. I hope they bancrupt scum! I like dexes because of scum like this who want me to dance like a monkey on a camera to get my own bitcoin they stole.
Honestly I'm not getting how those so-called decentralized exchanges are decentralized.
What most really should bill themselves as is non custodial which is very important too but I doubt they think it looks as impressive.
For true decentralisation they need to leave domain names and hosting behind and switch to something on chain. Even then since most wallets are running off someone else's node you still might have sticky moments.
As far as I know they can leave domains after all they do have Apps for IOS and android just like bitsdaq and blocknet they can leave domains because they can be installed locally. Its hard for them to be located by users though if they won't have a webpage.
The projects in the past run like this back in the days where only wallets are to be downloaded from megaupload links.
people waste a lot of money on expensive transaction fees on uniswap, of course as we know high gas costs since a few days ago the erc20 token or ethereum token, so I will of course waste my money by buying and selling on uniswap DEX, I prefer to exchange CEX it does not use expensive fees, maybe the DEX trading volume is carried out by a few rich people who take advantage of the situation
I'm not sure DEX will dominate the CEX, because the risk of DEX is much greater than CEX. It can be seen that there are still many
centralized exchanges used by investors and traders until now. And it must be admitted that there are a lot of scammers who use DEX
to do something illegal activities, this makes DEX look bad to some people. For myself why is it more comfortable to use CEX than DEX,
because the choice of coins for trading CEX is more than DEX.
centralized exchanges used by investors and traders until now. And it must be admitted that there are a lot of scammers who use DEX
to do something illegal activities, this makes DEX look bad to some people. For myself why is it more comfortable to use CEX than DEX,
because the choice of coins for trading CEX is more than DEX.
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I think CEX will still dominate the crypto market for a while because CEX gives an easy to use to trade. People don't have to think to send some balance to cover the fee when they trade. Even if some CEX using verification to complete KYC, people don't mind doing that because if they can feel comfortable to trade, they will use it without overthinking. We already have many recommended CEX, and we still use it to trade. But if DEX can give the easiness to trade, maybe people will move to DEX. I think it's about a feeling of comfort that will make people like to stay on the CEX or DEX.
Despite that, there is one thing about DEX's that I don’t really like, and that’s the fact they don’t look as good as CEX.
I know some people would say look doesn’t matter, that the most important thing is whether the exchange is good, well look does matter. And moreover there are lots of centralized exchanges that has better looks and they also function very well. So, for me this is important. And newbies usually find it difficult to navigate through DEX, because they are usually complicated for them. These are the areas that DEX should really improve.
I know some people would say look doesn’t matter, that the most important thing is whether the exchange is good, well look does matter. And moreover there are lots of centralized exchanges that has better looks and they also function very well. So, for me this is important. And newbies usually find it difficult to navigate through DEX, because they are usually complicated for them. These are the areas that DEX should really improve.
Aside uniswap, you must also take note the trading volume of other DEX and make a comparable difference with that of the other CEX.
other dex are low and can be compare to low cex but do we really need to do it ? each of them is different ( one is centralize and the other is decentralize ) .Quote
While DEX is very good if you don't want to provide any of your identity, transaction charges are high and low liquidity rate. There is no doubt that DEX will dominate CEX in the nearest future as the CEX platforms too are continuously developing with integration of new feature
its only good because of one main feature and that is non kyc but the rest were still bad . its not enough to attract many people to use dex . cex are also doing thier best to improve . i cant believe that uniswap takes the lead on the dex rank because its only new and there are also negative feedbacks that i read on this forum towards them .
just wait and uniswap will be full of crap projects! most of them will have very short lifespan. when the dev got their pockets full, they will abandon their project and so sooner or later, uniswap will be full of abandoned ones.
right now, they are enjoying their opportunity, but traders will find out later on, that this exchange is the central point of scammers, cheaters, and the likes.
im still with reputable CEXs, at least they are not just listing any other token or coin. they have at least standard requirements that they follow.
Easier to use, these are the CEX.
And which is easy to use, people will be there. DEX is sort of complicated and not all traders are not willing to use it. But no offense for DEX users, both can co-exist at the same time.
I also experiencing some hard time to explore DEX and quiet complicated for a newbie but of course if you usually used DEX then you’ll like it later on. I also believe that CEX and DEX will co-exist simply because investors still want to use an exchange that is being regulated so when the problem comes, they can go to a court and sue the person behind it. You can trade on any exchange that you want, volume is just here for your analysis and your trading plan is still matter so don’t forget to create strategies on any exchange. And which is easy to use, people will be there. DEX is sort of complicated and not all traders are not willing to use it. But no offense for DEX users, both can co-exist at the same time.
Honestly I'm not getting how those so-called decentralized exchanges are decentralized.
What most really should bill themselves as is non custodial which is very important too but I doubt they think it looks as impressive.
For true decentralisation they need to leave domain names and hosting behind and switch to something on chain. Even then since most wallets are running off someone else's node you still might have sticky moments.
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