Honestly I'm not getting how those so-called decentralized exchanges are decentralized. I'm not seeing there is a community and they are exchanging within themselves without need of any centralized authority/engine; Yes.. just owning the private key of the deposit address of an exchange will not serve the actual purpose of being decentralized exchange.
I mean what we are having in the name of the decentralized exchanges are not actually decentralized service providers. So, there will be no surprises when they are dominating rest of exchanges.
In my opinion, the actual decentralized way of exchanging is, what we are having in currency exchange board of this forum.
Topic: Will Dex's Dominate the Cex's in near future? - page 3. (Read 634 times)
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 .
DEX are making a good move but they had to change it from one way to another to attract more coins that are hyped right now to get a lot more volume however that is a temporary strategy, I am pretty sure they would require to keep this up for a long time before they could say they are legit and I do not think that this strategy will go that long.
I don't think there is a need to change but just have to sustain what they are doing today for a much better trend. The launch of Defi made that magic and it helps Decentralized exchanges more interesting to look like as the rising momentum sustained.So, they have to keep changing strategies all the time to keep finding coins with high volume and hype that people can't find anywhere else or find something totally different that would cause people to trade there over places that could be CEX but have billions of trading volume all together. I do not know how a truly "decentralized" place could fight with a place that is making tens of millions of dollars constantly.
DEX did it great already and that is very much appreciated by traders and investors. The surge of its market volume did simply mean that people are more confident with DEX than CEX as can be of huge potentials. I'd don't think there is an instant market effect but for sure it has a positive and it certainly changes the market movements. 
wow, that is a very impressive volume, arguably the largest volume in DEXs ever.
Sure it is really an amazing achievement coming from DEX platform, a huge volume where money is really residing.
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.
This factor is right, investors are using this venue to buy the current hot trends DeFi but still they are relying with CEX exchange
as the main exchange when making the trade.
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.
It may but it will take many more actions coming from traders and investors, without any support, everything will go back
to CEX and the cycle will be back money will continue to flow to CEX exchange,.
DEX will not really dominate, there will still people not going to try it, after all, there is more benefit given by CEX.
The DEX though had established themselves especially the Uniswap which is heavily used these days. Its easy to use and NO kyc too which one would prefer to use than DEX. Its best to just use DEX when you know that sooner the database of these CEX can be accessed by governments.
the most important thing imho this is why people do prefer on using up CEX platforms due to this reason.Dex is there but it wont dominate yet we know on what people do really needs
in the end of the day.DEX can give out that anonymity but as mentioned there are already platforms that dont ask out KYC for you to trade up.Well, it isnt really that
much an issue because having both is already considered as an good option for us traders.
But as we go and move forward, centralised exchanges are going to ask for our personal data, that is inevitable, we can't really get out of that issue as in the next 2-5 years maybe all CEX are now going to require full KYC regardless of the amount that you are going to withdraw and that's what most early crypto adopters doesn't like.
Of course there is DEX as well, but the main problem or challenge with them is liquidity and not many options for crypto traders.
DEX will not really dominate, there will still people not going to try it, after all, there is more benefit given by CEX.
The DEX though had established themselves especially the Uniswap which is heavily used these days. Its easy to use and NO kyc too which one would prefer to use than DEX. Its best to just use DEX when you know that sooner the database of these CEX can be accessed by governments.
the most important thing imho this is why people do prefer on using up CEX platforms due to this reason.Dex is there but it wont dominate yet we know on what people do really needs
in the end of the day.DEX can give out that anonymity but as mentioned there are already platforms that dont ask out KYC for you to trade up.Well, it isnt really that
much an issue because having both is already considered as an good option for us traders.
DEX are making a good move but they had to change it from one way to another to attract more coins that are hyped right now to get a lot more volume however that is a temporary strategy, I am pretty sure they would require to keep this up for a long time before they could say they are legit and I do not think that this strategy will go that long.
So, they have to keep changing strategies all the time to keep finding coins with high volume and hype that people can't find anywhere else or find something totally different that would cause people to trade there over places that could be CEX but have billions of trading volume all together. I do not know how a truly "decentralized" place could fight with a place that is making tens of millions of dollars constantly.
So, they have to keep changing strategies all the time to keep finding coins with high volume and hype that people can't find anywhere else or find something totally different that would cause people to trade there over places that could be CEX but have billions of trading volume all together. I do not know how a truly "decentralized" place could fight with a place that is making tens of millions of dollars constantly.
Aside uniswap, you must also take note the trading volume of other DEX and make a comparable difference with that of the other CEX. 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
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.
I really hope this is the case but even if that doesn't happen we at least need several strong decentralized exchanges that offer you the ability to trade your coins without having to go through know your customer policies that are becoming so prevalent in centralized exchanges, otherwise this market is going to be dominated by those centralized exchanges and our ability to trade our bitcoins or any other coin for that matter is going to become very limited.
However I really think it is too soon for decentralized exchanges to dominate centralized exchanges so I really don't think this is going to happen until a few decades pass and that is a little bit depressing.
However I really think it is too soon for decentralized exchanges to dominate centralized exchanges so I really don't think this is going to happen until a few decades pass and that is a little bit depressing.
The direction still depends from how traders will embraced the system, we all knew that there are crypto
investors who wanted to stay as anonymous while dealing to this business.
People who value their privacy will support DEX for sure, it's a good way to prevent dealing with KYC and
exposing their true identities.
Though we can also consider those traditional traders who will choose to stay with DEX as there's extra
securities that will give additional protection to their investments.
It will take time if this domination will take place, lots of informational drive for people to learn how DEX
works and what will be the benefits using it.
You just can’t tell, anything can happen man. But the direction things are heading, I still think that CEX are going to continue to take the lead.
The other CEXs might be behind what Uniswap did, but Binance is very far ahead of them all, and for a DEX to get that high it might be difficult. Why I am saying that CEX might continue to be at the top is because a lot of people are concerned about safety when trading their coins these days and that will lead to them making use of centralized exchanges, especially those that are still newbie, since that’s what they get from making use of those. As for DEX, it will take time for them to get the hang of it.
CEX is simpler to use and often has a lot of events that help traders make money so for me, CEX is still the number one choice in this market. It's up to everyone's preference but the last few months DEX is making a comeback and the most prominent is Uniswap as it is being viewed as the highest-volume decentralized exchange of all DEX. Anyway, you should make your own decisions and consider carefully before choosing a trading place.The other CEXs might be behind what Uniswap did, but Binance is very far ahead of them all, and for a DEX to get that high it might be difficult. Why I am saying that CEX might continue to be at the top is because a lot of people are concerned about safety when trading their coins these days and that will lead to them making use of centralized exchanges, especially those that are still newbie, since that’s what they get from making use of those. As for DEX, it will take time for them to get the hang of it.
The common problem about DEX was the trading was limited to the native blockchain of the DEX. You can’t buy non-ERC20 token to IDEX, Uniswap and soon, Same scenario to other DEX like Tron and EOS, some of them already offers crosschain but very limited. And also the liquidity is the main issue on using them, they have no market maker so definitely you can’t have a good trade there for certain coin that don’t have a loyal traders on it.
CEX is currently still the best for trading because have access to most of the coins. The only downside on using it is you don’t have fully control to your account and they require KYC.
You just can’t tell, anything can happen man. But the direction things are heading, I still think that CEX are going to continue to take the lead.
The other CEXs might be behind what Uniswap did, but Binance is very far ahead of them all, and for a DEX to get that high it might be difficult. Why I am saying that CEX might continue to be at the top is because a lot of people are concerned about safety when trading their coins these days and that will lead to them making use of centralized exchanges, especially those that are still newbie, since that’s what they get from making use of those. As for DEX, it will take time for them to get the hang of it.
CEX is simpler to use and often has a lot of events that help traders make money so for me, CEX is still the number one choice in this market. It's up to everyone's preference but the last few months DEX is making a comeback and the most prominent is Uniswap as it is being viewed as the highest-volume decentralized exchange of all DEX. Anyway, you should make your own decisions and consider carefully before choosing a trading place.The other CEXs might be behind what Uniswap did, but Binance is very far ahead of them all, and for a DEX to get that high it might be difficult. Why I am saying that CEX might continue to be at the top is because a lot of people are concerned about safety when trading their coins these days and that will lead to them making use of centralized exchanges, especially those that are still newbie, since that’s what they get from making use of those. As for DEX, it will take time for them to get the hang of it.
You just can’t tell, anything can happen man. But the direction things are heading, I still think that CEX are going to continue to take the lead.
The other CEXs might be behind what Uniswap did, but Binance is very far ahead of them all, and for a DEX to get that high it might be difficult. Why I am saying that CEX might continue to be at the top is because a lot of people are concerned about safety when trading their coins these days and that will lead to them making use of centralized exchanges, especially those that are still newbie, since that’s what they get from making use of those. As for DEX, it will take time for them to get the hang of it.
CEX is simpler to use and often has a lot of events that help traders make money so for me, CEX is still the number one choice in this market. It's up to everyone's preference but the last few months DEX is making a comeback and the most prominent is Uniswap as it is being viewed as the highest-volume decentralized exchange of all DEX. Anyway, you should make your own decisions and consider carefully before choosing a trading place. The other CEXs might be behind what Uniswap did, but Binance is very far ahead of them all, and for a DEX to get that high it might be difficult. Why I am saying that CEX might continue to be at the top is because a lot of people are concerned about safety when trading their coins these days and that will lead to them making use of centralized exchanges, especially those that are still newbie, since that’s what they get from making use of those. As for DEX, it will take time for them to get the hang of it.
I really hope this is the case but even if that doesn't happen we at least need several strong decentralized exchanges that offer you the ability to trade your coins without having to go through know your customer policies that are becoming so prevalent in centralized exchanges, otherwise this market is going to be dominated by those centralized exchanges and our ability to trade our bitcoins or any other coin for that matter is going to become very limited.
However I really think it is too soon for decentralized exchanges to dominate centralized exchanges so I really don't think this is going to happen until a few decades pass and that is a little bit depressing.
However I really think it is too soon for decentralized exchanges to dominate centralized exchanges so I really don't think this is going to happen until a few decades pass and that is a little bit depressing.
You just can’t tell, anything can happen man. But the direction things are heading, I still think that CEX are going to continue to take the lead.
The other CEXs might be behind what Uniswap did, but Binance is very far ahead of them all, and for a DEX to get that high it might be difficult. Why I am saying that CEX might continue to be at the top is because a lot of people are concerned about safety when trading their coins these days and that will lead to them making use of centralized exchanges, especially those that are still newbie, since that’s what they get from making use of those. As for DEX, it will take time for them to get the hang of it.
The other CEXs might be behind what Uniswap did, but Binance is very far ahead of them all, and for a DEX to get that high it might be difficult. Why I am saying that CEX might continue to be at the top is because a lot of people are concerned about safety when trading their coins these days and that will lead to them making use of centralized exchanges, especially those that are still newbie, since that’s what they get from making use of those. As for DEX, it will take time for them to get the hang of it.
I don't think its safety is the reason why we go to CEX, its about the list of tokens there and the volume where we can trade without having to pick an order. Theres definitely safer than CEX like the wallet projects that can connect to exchanges which is kind of a non custodial but its the liquidity that we aim to have.
The DEXs are gradually getting good liquidity actually. Over the past years since the time of bitshares and now the uniswap, its volume are growing and we can see it above.
You just can’t tell, anything can happen man. But the direction things are heading, I still think that CEX are going to continue to take the lead.
The other CEXs might be behind what Uniswap did, but Binance is very far ahead of them all, and for a DEX to get that high it might be difficult. Why I am saying that CEX might continue to be at the top is because a lot of people are concerned about safety when trading their coins these days and that will lead to them making use of centralized exchanges, especially those that are still newbie, since that’s what they get from making use of those. As for DEX, it will take time for them to get the hang of it.
The other CEXs might be behind what Uniswap did, but Binance is very far ahead of them all, and for a DEX to get that high it might be difficult. Why I am saying that CEX might continue to be at the top is because a lot of people are concerned about safety when trading their coins these days and that will lead to them making use of centralized exchanges, especially those that are still newbie, since that’s what they get from making use of those. As for DEX, it will take time for them to get the hang of it.
Nope. Never.
I hope they improve to the point where they're a viable choice for those who are inclined that way, but most people want their hand held and someone to moan to.
I hope they improve to the point where they're a viable choice for those who are inclined that way, but most people want their hand held and someone to moan to.
They are also just not time tested. There have been some horrible fuck-ups in the DeFi space, with huge sums of money compromised due to exploited bugs. I just don't trust most of the smart contracts underlying these protocols. Centralized exchanges are in a better position to prevent such exploitation, and roll back trades if necessary.
It could be decades or more before they are truly reliable enough, let alone truly decentralized.
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.
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.
DEX will not really dominate, there will still people not going to try it, after all, there is more benefit given by CEX.
The DEX though had established themselves especially the Uniswap which is heavily used these days. Its easy to use and NO kyc too which one would prefer to use than DEX. Its best to just use DEX when you know that sooner the database of these CEX can be accessed by governments.
The multichain challenge with DEX still looks like a hard nut to crack. A lot of people still seek the anonymity DEX provides but they still are struggling smaller problem the exchanges cant help with. With data provided by the OP how much volume DEX will drive if it was multichain. Most of the top 100 coins on the marketcap are with divers blockchain, which I think traders will even prefer to trade with anonymity.
Jump to: