I do not think so. Places like binance offers a lot more than just freedom or centralization, they are providing you with a system that works so well and such a high volume that people would have hard time moving to another place until it has a huge volume as well but since they are not moving until they see it, others do the same and that causes the DEX to not have that much of a volume and that is why people keep not moving there.
Certainly DEX could be bigger than what they are right now, that is a total possibility because they are going to get better and better, however at the same time more money will go into crypto meaning there would be an increase in DEX but there will be an even bigger increase in the CEX as well. That is why I think CEX will always stay as the kings.
Topic: Will Dex's Dominate the Cex's in near future? - page 4. (Read 632 times)
I agree, traders, specially newbies are very naive and would rather used centralised exchanges because that's what they learn from the market itself. But if you would have to look at it centralised exchanges are prone to hacks and lost of funds.
And then you will hear around those newbies bitching around when they get hacks or something went wrong, i.e., then can't withdraw. But it won't stop those noobs from using them not now, not when the market goes on another bull run.
And then you will hear around those newbies bitching around when they get hacks or something went wrong, i.e., then can't withdraw. But it won't stop those noobs from using them not now, not when the market goes on another bull run.
Where the decentralised options would most definitely be better is at the shithole end of the market. Noobs would save themselves a lot of pain rejecting the piece of crap centralised options.
I don't think that'll ever happen though as many of them seem to have a verrry powerful attraction to the worst and most obscure and abusive places they can possibly find. I find out about 95% of the places I've never previously heard of from their squealing about being ravaged by them.
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. That means centralised exchanges will get bigger and bigger so even if you would prefer to go decentralised the volume and liquidity of the centralised option will be too much temptation to resist.
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. That means centralised exchanges will get bigger and bigger so even if you would prefer to go decentralised the volume and liquidity of the centralised option will be too much temptation to resist.
I agree, traders, specially newbies are very naive and would rather used centralised exchanges because that's what they learn from the market itself. But if you would have to look at it centralised exchanges are prone to hacks and lost of funds.
And then you will hear around those newbies bitching around when they get hacks or something went wrong, i.e., then can't withdraw. But it won't stop those noobs from using them not now, not when the market goes on another bull run.
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. That means centralised exchanges will get bigger and bigger so even if you would prefer to go decentralised the volume and liquidity of the centralised option will be too much temptation to resist.
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. That means centralised exchanges will get bigger and bigger so even if you would prefer to go decentralised the volume and liquidity of the centralised option will be too much temptation to resist.
DEX will not really dominate, there will still people not going to try it, after all, there is more benefit given by CEX.
(....)
This is also on my mind. Like, even Decentralized Exchange(DEX) will dominate or not, these two types of exchange will remain. Because we can't force people to use Decentralized Exchanges(DEX) or centralized. We all have different want to achieve for using exchanges, or different result.(....)
This is like also comparing a motor cycle to the car which, you can both reach the destination but on different ways or different medium used.
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.
It depends? I mean, most people wouldn't even bother with Bitcoin's anonymity, they just want the quick transactions part of it, hence them bothering to use CEX instead of DEX. Plus, most of them would rather be with the more secure one, one that's backed by something instead of something that they themselves need to secure. Ofc, this goes against what Bitcoin really is, but nothing we can do about it tbh. In addition, most people who enter Bitcoin aren't really bothered by the KYC's of CEX in addition and are probably just using Bitcoin to trade or to hodl in the long term. Its anonymity is ignored by a large group of people who use Bitcoin, which is why DEX wouldn't rise up. Not to mention the lack of liquidity most DEX has compared to CEX.
Most users who have come from a traditional background of stock, commodity trading would prefer to go for a CEX. If you are verified user on a CEX you would use that only comparing the problem with DEX of sudden exit scam if the team is anonymous. These are inherent risks of a DEX over a CEX. Just because it allows a decentralized approach does not mean it is going to be a legit operation.
Many scammers have used the veil of decentralization of steal money too.
Even the users who have got into speculative asset class trading would say no to DEXs at first sight because of lack of liquidity and the problem of not having enough coins to exchange too. I was using Uniswap and wanted bitcoin in return of my shitcoin
But I only got another altcoin (ETH) as option.
Many scammers have used the veil of decentralization of steal money too.
Even the users who have got into speculative asset class trading would say no to DEXs at first sight because of lack of liquidity and the problem of not having enough coins to exchange too. I was using Uniswap and wanted bitcoin in return of my shitcoin
But I only got another altcoin (ETH) as option. copper member
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They will if atomic swap is possible. DEX currently lacks the abilities to exchange between multiple chains, so you're stuck with tokens or pegged-tokens, which is not a great solution for long-term trading. Not to mention the hacking risk that's hovering those dexes.
This is the same reason why DEX growth is not exponential. They are limited on a single chain trading. The only DEX that showing a good result was Uniswap due to its liquidity pool feature and also DeFi projects that consistently sprouting there. Besides that, Other DEX like IDEX are already left behind due to liquidity issue in the exchange. I believe the majority volume of all DEX are currently from Uniswap alone. Atomic swap or some other cross chain feature exchange will be the next big thing on Exchange industry.
Trading volume on Decentralized exchange Uniswap overexceeded $250 mln, during the yesterday's session. So that approached to the score of Centralized Leading Exchanges.
According to the Bitwise, where score is most trustful, the trading volume of Uniswap even surpassed such leading exchanges as Kraken, Bitfinex & Bitstamp.
@Lasky366
The column on the right is supposed to include the volumes of fiats? Because if we include them the actual volumes are much larger.
Anyway, even if DEXs get a more significant market in the future, I believe it will remain minimal. Kind of like with GNU/Linux.
Also, I had read on Uniswap, since anyone can create a token it seems some people tend to impersonate Defi protocols. They were forced to publish a warning about ERC-20 token pairings. Maybe the number of people people who fall into it explains it?
The column on the right is supposed to include the volumes of fiats? Because if we include them the actual volumes are much larger.
Anyway, even if DEXs get a more significant market in the future, I believe it will remain minimal. Kind of like with GNU/Linux.
Also, I had read on Uniswap, since anyone can create a token it seems some people tend to impersonate Defi protocols. They were forced to publish a warning about ERC-20 token pairings. Maybe the number of people people who fall into it explains it?
They will if atomic swap is possible. DEX currently lacks the abilities to exchange between multiple chains, so you're stuck with tokens or pegged-tokens, which is not a great solution for long-term trading. Not to mention the hacking risk that's hovering those dexes.
Trading volume on Decentralized exchange Uniswap overexceeded $250 mln, during the yesterday's session. So that approached to the score of Centralized Leading Exchanges.
According to the Bitwise, where score is most trustful, the trading volume of Uniswap even surpassed such leading exchanges as Kraken, Bitfinex & Bitstamp.
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