Topic: Will DEX's ever get the liquidity and volume of Centralized Exchanges today? (Read 442 times)
November 07, 2019, 01:56:40 PM
I always liked decentralized exchanges, but the trading volume on these exchanges is too small. If DEX become popular in 2020 then this will be the best year for me. In my opinion, decentralized exchanges are much better than centralized ones.
November 06, 2019, 01:04:44 PM
I hope so, because unfortunately the main disadvantage of a decentralised exchange is the lack of trading volume and amount of trading pairs. However, there are no decentralised exchanges left at all, after IDEX implemented KYC process.
November 06, 2019, 01:02:16 PM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
We may need more exchange hacks to convince people to start using Decentralized exchange platforms,but lot of people facing issues on DEX while doing trading that is why they are happy with paying the fee and getting their prompt service until they were trusted and making profits from those centralized trading platforms. Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
November 06, 2019, 12:30:29 PM
That is a very big and though question, but the simple answer is that it all depend on us and depends on our collective effort. It was collectively we decided to encourage some of these centralized exchanges by depositing our money with them, this is the same way that we need to also collectively choose a dex exchange that we can even concentrate on and even try first to see how effect and how wonderful they are and I think that cryptocurrency market would have even grown much more than this.
If we had all started using dex exchange, and you know that dex exchanged are even quite more secured than centralized exchange, but these top exchanges has already bewitched us through the hype they usually create for their exchange platform.
If we had all started using dex exchange, and you know that dex exchanged are even quite more secured than centralized exchange, but these top exchanges has already bewitched us through the hype they usually create for their exchange platform.
November 03, 2019, 10:49:56 AM
Dex exchange makes it easy for everyone to make token and trade transactions without requiring KYC.
Of the several DEX exchanges https://www.dapp.com/search/Exchange there are many options we can choose, trading volumes such as IDEX exchanges are good, but now it requires KYC to trade on those exchanges, I will wait for the exchange A new DEX which has good trading volume like BinanceDex in 2020.
Of the several DEX exchanges https://www.dapp.com/search/Exchange there are many options we can choose, trading volumes such as IDEX exchanges are good, but now it requires KYC to trade on those exchanges, I will wait for the exchange A new DEX which has good trading volume like BinanceDex in 2020.
just when you thought they will one day have a big volume, they are already asking documents from us. this is the exactly the opposite of what we expect from DEX. no other option for crypto users CEX and DEX are asking mandatory KYC, one good thing about DEX though is security over the CEX. that's the only advantage why you will still consider DEx.
November 03, 2019, 05:45:38 AM
Dex exchange makes it easy for everyone to make token and trade transactions without requiring KYC.
Of the several DEX exchanges https://www.dapp.com/search/Exchange there are many options we can choose, trading volumes such as IDEX exchanges are good, but now it requires KYC to trade on those exchanges, I will wait for the exchange A new DEX which has good trading volume like BinanceDex in 2020.
Of the several DEX exchanges https://www.dapp.com/search/Exchange there are many options we can choose, trading volumes such as IDEX exchanges are good, but now it requires KYC to trade on those exchanges, I will wait for the exchange A new DEX which has good trading volume like BinanceDex in 2020.
November 03, 2019, 04:25:31 AM
I think with enough volume any exchange can get a lot. Now, we know how DEX could make money as well, they could have their own token and we know how that token could be utilized and make money as well so basically dex could work super well all we need is someone with money (or brains) to pull it of.
All you need to do is create one token and a dex tied to it, with that dex people will be trading many many different coins and pairs, make it so that people could trade all coins with each other instead of just btc or usdt pairs, the thing is they would be paying the exchange with dex token that they created, now the team that created would have a certain amount of it but the more you people you refer and trades the more token you get as affiliate so it can get super big as well.
All you need to do is create one token and a dex tied to it, with that dex people will be trading many many different coins and pairs, make it so that people could trade all coins with each other instead of just btc or usdt pairs, the thing is they would be paying the exchange with dex token that they created, now the team that created would have a certain amount of it but the more you people you refer and trades the more token you get as affiliate so it can get super big as well.
November 02, 2019, 12:35:10 PM
If we do not follow the trend then this will never happen. DEXs now have some problems like that they are not user friendly or they are pretty slow, but this it's just a matter of time before everything is solved.
Why we should completely migrate from CEX to DEX? Because you are the owner of your cryptocurrencies and thus, the probability that the exchange will block your cryptocurrencies is zero.
Why we should completely migrate from CEX to DEX? Because you are the owner of your cryptocurrencies and thus, the probability that the exchange will block your cryptocurrencies is zero.
November 02, 2019, 12:04:23 PM
That's not going to happen, centralized exchange remains the top choice, including me, But sometimes i was using DEX too for hunting Bounty tokens from Bounty people that selling obviously low! before they hit on any centralized exchange. and for long time already that i was using DEX, except Binance DEX that pretty attractive volume compare to the older DEX.
November 02, 2019, 11:43:03 AM
The key difference between centralized and decentralized exchanges is ownership. In the case of centralized exchanges, they operate very similarly to banks. Centralized exchanges charge a % of every transaction, making the overall cost of trading crypto much higher than stocks. Decentralized exchanges on the other hand operate very similar to the “per-trade” fee structure we are used to, but in the form of gas. So definitely DeX will get more liquidity.
November 02, 2019, 11:38:49 AM
one day that might be. but for now I don't think DEX will get it. DEX is currently only as a substitute, and is not really needed. big coins are still comfortable being in CEX. to be able to get liquidatas from CEX, first DEX must support top ranking coins, they have the opportunity to get trading volume from CEX users. if only relying on coins from a new project, I thought it would only be a dump.
November 02, 2019, 11:27:33 AM
yes maybe that will happen, dex will get trading volume from CEX users who are disappointed with the regulation. but DEX is still not able to replace or become the main choice. CEX is still needed, because there are a number of things that DEX still cannot complete. many think that in the future DEX will become popular. yes I think this statement is not entirely wrong. but have you ever thought if the CEX exchange would release a DEX version, like binance which launched binanceDEX. or a hybrid exchange based on the large exchange that exists today.
November 02, 2019, 11:22:19 AM
if they start asking for KYC we may not have any option but to stick on centralized exchange. people wouldn't be seeing it useful anymore. old users in bitshares where starting to look the otherway round after they learned the mandatory KYC. we were expecting DEX to remain untouched by government but there we are seeing announcements. right now the only reason people trade there is when the coin is only listed to them nothing more but a dumping ground.
November 02, 2019, 11:08:45 AM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
I think for now its still impossible, if we take into consideration, some DEX are still thriving but some are Dead in terms of volume, that's why users are not happy with it. if you are into trading volume was very important to make the trading works, comparing to centralized exchange volume was great thats why despite of many security issues and regulation including KYC still CEX was getting much users compare to DEX. Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
November 01, 2019, 11:23:04 PM
Depending on the conditions at 2020 later, whether the ordinary market will be closing a lot of their projects like Coinexchange which closes their exchange because it's not already interesting in it.
It can make DEX a solution to move from the market. The KYC is also a specter for the dreaded community to be dissociable by the market. So, in conclusion, it can be more popular DEX than the usual market.
It can make DEX a solution to move from the market. The KYC is also a specter for the dreaded community to be dissociable by the market. So, in conclusion, it can be more popular DEX than the usual market.
November 01, 2019, 10:16:01 PM
I know DEX is a very good exchange for crypto development but it still needs to be developed. some people I heard complained about the DEX exchange they lost assets there.
DEX might not be able to compete with CEX for 2020 because the SEC doesn't allow if exchanging without KYC is certainly difficult.
DEX might not be able to compete with CEX for 2020 because the SEC doesn't allow if exchanging without KYC is certainly difficult.
November 01, 2019, 10:14:19 PM
I doubt it. Centralized exchanges are getting stronger day by day. They got the volume, they got the trading pairs, they got the coins, they got the bulk of traders, and they got the nods of the government regulating agencies. I prefer decentralized exchanges over centralized ones but then liquidity as well as coins listed for trading are more important right now. But I hope the DEXes will put up a much better competition against the centralized exchanges.
November 01, 2019, 10:02:13 PM
I've been seeing people talking about DEX now, maybe there's a possibily with that. But let's take into account why people still use centralized exchange. People want convenient and easy access, centralized exchanges provides that. I think with DEX, you need to download a software in order to use it or input your own private key for access just like those eth DEX.
November 01, 2019, 09:00:30 PM
DEX is a very good thing in crypto, I hope they will succeed one day. Definitely this won't happen without a good a long bull run. Now the volumes there are pathetic 
November 01, 2019, 11:10:44 AM
in the near future, I don't think that will be possible. even if people who hate kyc start using DEX it's still difficult. CEX is still needed, despite many unwelcome things like KYC, and security issues. but that is still acceptable to everyone. but one day maybe that will happen, maybe when everyone is fed up with CEX and all the rules.
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