Pages:
Author

Topic: (Yes or NO) The 2020s belong to DEXs - page 16. (Read 5564 times)

hero member
Activity: 3010
Merit: 666
Vave.com - Crypto Casino
October 28, 2019, 06:52:11 AM
#83
I don't think so, there has been no significant improvement on DEX this year and I will not expect they will boom easily next year.
With the combined DEX in the market if I am not mistaken, they don't reach at least $100 million in trading volume.

Binance as one of the most popular exchange had launch their DEX, but their trading volume now is just over $1 million although it has 81 verified market at the moment.

https://coinmarketcap.com/exchanges/binance-dex/
copper member
Activity: 266
Merit: 0
SYNCHROBIT
October 28, 2019, 05:47:03 AM
#82
Definitely not. It is really wired, because the market needs truly decentralised exchanges, but we do not have any. The best dex IDEX, implemented KYC, Binance DEX does not support ERC-20 tokens, so the only one left with a good volume is Forkdelta.
sr. member
Activity: 1022
Merit: 256
October 27, 2019, 11:00:29 PM
#81
People have use the cex eversince crypto trading happened. Dex become more relevant when many launches their own but to be honest, there are more list to these but only these have some good volume other dex are nothing and completely unused in my opinion. I still prefer cex actually due to high volume and liquidity. Ive using dex when I have some target alt to buy for a low price.

Volume and liquidity are the main edge of CEX over DEX. Traders prefer volume and liquidity over whether the exchange is centralized or not. They create profit out of these two aspects. Although there are some traders who really dislike KYC and other related requirements that are implemented by centralized exchanges, some of these exchanges are offering a high limit to unverified accounts. So in a way, they can still do their trading on centralized exchanges at the same time avoid all those requirements. In the process, DEX is left at the side. 
jr. member
Activity: 322
Merit: 2
October 27, 2019, 10:48:34 PM
#80
some of them are popular already, every body knows about forkdelta and idex already providing market for the ERC tokens. the volume of each of them are just not enough to make them compete the bigger centralize exchanges. the possible solution is probably organize them all to have one volatility pool where orders from the other dex can be sent to all dex. this way exchanges might just be used widely. i have read this idea from a dex project actually can't remember which one as there are many of them.
Are you talking about Stakenet's DEX Aggregator? They've come up with a way to pool together numerous DEX orderbooks. It's a big win for every player in the decentralized space.

DEX has a lack of features compared with big exchanges. based on trader perspective, they need good platform to trade
big centralized exchange gives it and DEX doesnt, so it is reasonable if centralized exchanges get more attention and ofc volume
even they know that centralized is so risky, but they still do
What if volume weren't an issue and DEXs could guarantee traders the volume they need?

DEX unfortunately doesn't make as much profit as the centralized ones which means they do not have the means to fight the centralized ones which is why they don't get super recognized and get bigger. Dex is by far the better option for many people and I would prefer to use it as well but looking at how horrible they are usually done I am afraid even I won't be using them for a little more while.

Maybe one day a much better version will come up and they will make money (since they are usually working on token system and could still profit) but until then there is really no DEX that could rival the goliaths that is centralized ones. Who could really fight against Binance for example, those guys are making millions every month, no DEX could profit that much.
You would love what Stakenet is doing. It's a major step forward in terms of DEXs.
hero member
Activity: 1372
Merit: 503
October 25, 2019, 08:26:16 PM
#79
People have use the cex eversince crypto trading happened. Dex become more relevant when many launches their own but to be honest, there are more list to these but only these have some good volume other dex are nothing and completely unused in my opinion. I still prefer cex actually due to high volume and liquidity. Ive using dex when I have some target alt to buy for a low price.
sr. member
Activity: 560
Merit: 269
October 25, 2019, 06:13:57 PM
#78
Dex are not commonly used by many. I don't know if DEX make it's way to the top. However, DEX can be targeted by the government. That's why people are hesitant to use them. Centralized Exchanges are more preferred by many people even it's not cheap to use them. Because huge percent of overall trading volume came from centralized exchange. Also you can directly exchange cryptocurrency to that which way more convenient than DEX. I don't know how DEX can compete with CEX in 2020.
sr. member
Activity: 1063
Merit: 253
Sovryn - Brings DeFi to Bitcoin
October 25, 2019, 05:57:59 PM
#77
I don't see the logic here. There is not many DEXs around us. Its inconvenient for user.
Me too, that doesn't make sense to say about 2020 belong to the DEXs and it looks like OP is not even seeing about how much total existed DEX in these days. Some of dexs are having almost zero daily trade volume.
Anytime CEX still dominated the market and that's the fact. We can try to deny that fact when the dex has so many users and Dex started to grow on its quantity in the market too. The growth of dex is still not impressive.
jr. member
Activity: 714
Merit: 3
October 25, 2019, 04:27:54 PM
#76
One if the reasons crypto enthusiasts will prefer DEXes, is because it is the reason they are here, which is decentralization. Very soon traders !right decide to leave centralized exchanges, because of fake volumes. Analysts have started putting it clear that most centralized exchanges use fake volumes, compared the the human traffic on their sites.
sr. member
Activity: 1246
Merit: 285
October 25, 2019, 03:48:37 PM
#75
I personally prefer security and comfort when trading, so I rarely use DEX except under certain conditions such as selling tokens from reward bounties where the market is only there. Dex exchange usually has no customer support, low liquidity, and slow execution. It's less effective for daily trading that requires fast performance. However, dex also has several benefits as mentioned by the OP. That is why Binance also provides dex exchange: Binance dex.
So, for a yes / no answer depending on each person, I choose no.
full member
Activity: 1820
Merit: 107
October 25, 2019, 08:16:40 AM
#74
When up-and-coming DEXs become more convenient than Binance...

Projects like:

Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
IDEX
WAVES
Bithumb
...And many more...

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.
I dont think so! Let me clarify my stand im not againts with any trustworthy DEX, But the problem of many DEX til today is the volume (too low volume) thats why many  traders still using the centralized exchange because it has more attractive volume compare to DEX. Its a long way for DEX before it will come up with the centralized exchange popularity and that was my opinion.
member
Activity: 434
Merit: 19
October 25, 2019, 05:59:12 AM
#73
I don't like dex exchange for on reason, many shit coins always find there way to the exchange with ease, but dexs are the most secured ever, i do hope that all the highest market cap belongs to dex exchanges but i doubt it will ever happen even after 2020
sr. member
Activity: 1624
Merit: 341
Buzz App - Spin wheel, farm rewards
October 25, 2019, 05:15:23 AM
#72
There is a possibilty that decentralized exchange will boom next year because even top exchanges like Binance will launch their own DEX which means that users in Binance platform might switch into DEX and also we know that Binance is good at marketing so I'm pretty sure that their own DEX will be the hot topic next year.

Yes binance launched their own Dex, I dont think it will surpass cex since you can noticed from cmc which exchange coming all the volume right? Only Binance Dex and Idex are my trusted dexes but people will always choose cex considering the high liquidity and market movement. Dex isnt bad its just that people tend to a more interesting market volumes.
decentralized exchanges just as an alternative for traders that didnt want pass kyc when they trade with huge amount.some exchanges has rule if their customer if want to withdraw more than 2bitcoin they must send personal data document to pass kyc.this is be problem for trader whom prefer hide their identity.although dex exchanges has smaller trading  volume  it no matter for them.
sr. member
Activity: 644
Merit: 257
Worldwide Payments Accepted in Seconds!
October 25, 2019, 04:45:50 AM
#71
There is a possibilty that decentralized exchange will boom next year because even top exchanges like Binance will launch their own DEX which means that users in Binance platform might switch into DEX and also we know that Binance is good at marketing so I'm pretty sure that their own DEX will be the hot topic next year.

Yes binance launched their own Dex, I dont think it will surpass cex since you can noticed from cmc which exchange coming all the volume right? Only Binance Dex and Idex are my trusted dexes but people will always choose cex considering the high liquidity and market movement. Dex isnt bad its just that people tend to a more interesting market volumes.
member
Activity: 518
Merit: 28
October 25, 2019, 04:29:35 AM
#70
When up-and-coming DEXs become more convenient than Binance...

Projects like:

Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
IDEX
WAVES
Bithumb
...And many more...

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.
Centralised exchanges are into bad acts, toying with fake volumes and watch trades but still the best exchanges in crypto space today are all centralized exchanges, dex exchanges kills hackers off totally and that is what makes dex better but in volume aspect its no go
sr. member
Activity: 2002
Merit: 250
October 25, 2019, 03:12:58 AM
#69
As much as i love Dex especially in term of security but the truth is that it will be difficult for Dex to take over from CEX because DEX is lacking behind in so many things including volume which is important to every investor.
when compared to CEX, DEX is superior, but some DEX projects cannot compete for trading volume, only forkdelta and IDEX can have a lot of volume,
and now Binance starts their own DEX, and that is really progressing in my opinion, maybe Next years is the DEX era!
newbie
Activity: 61
Merit: 0
October 25, 2019, 02:28:15 AM
#68
I don't see the logic here. There is not many DEXs around us. Its inconvenient for user.
full member
Activity: 924
Merit: 106
homt.net
October 25, 2019, 01:33:50 AM
#67
I believe that finally era with DEXs begins. Because we need DEX to protect ourselves from regulations and KYC abuse. With recent FATF actions I am pretty afraid that CEX will be sooner or later closed.
jr. member
Activity: 434
Merit: 2
October 25, 2019, 01:01:30 AM
#66
As much as i love Dex especially in term of security but the truth is that it will be difficult for Dex to take over from CEX because DEX is lacking behind in so many things including volume which is important to every investor.
jr. member
Activity: 322
Merit: 2
October 24, 2019, 11:50:14 PM
#65
every time there is some sort of restriction from the government or exchanges like KYC,... on centralized exchanges it pushes people towards the decentralized alternatives, also every time there is another big exchange scamming people it pushes people towards them but it works both ways. whenever there isn't that much things changing like these days, no big exchange pulling scams,... people start feeling falsely safe and forget about DEXes. which means development, innovation and progress slows down or sometimes even stops. and we are at that point and that makes 2020 nearly the same as this year. unless something big changes like Binance scam!
Agreed. Complacency is a recurring problem. How many times have big exchanges gotten hacked or exit scammed? Then a new one shows up and the response is... "but this time it's different!"

Centralized exchanges are nothing but a joke. Why should I believe 3rd party with my assets? Stealing people's money is not uncommon, so are the hacks. And lastly KYC. Dont you think KYC is against whole crypto concept. You are not anonymous if you do the KYC. So yes, dex is the future.
Thank you. Do you know how many people are content with rampant KYC? It's disgusting. Don't they realize that KYC and blockchain are like mixing milk and gasoline together?

I will say NO to DEX for now or in 2020, there are many problems you may experience while using DEX at the moment one most obvious is speed like for example if you are trading at fd and attempting to buy on the current order book as I usually experienced I always got some error says that order was already taken etc,,order book not updated as we all know theres no blockchain for now that can process same with centralized exchange like Binance can process almost 1m orders/s its a long way to go before many users will eventually transfer into DEX.
If not 2020, when? 1m orders is impressive. All the while, how much of that is organic trading?

we still need centralized exchange. maybe in the future DEX will become popular, but there are still some problems that cannot be solved by DEX. one of the difficult problems for DEX is combining several blockchain in one platform. on average DEX currently only supports one or two blockchain networks, whereas there are many blockchain networks today such as waves, ethereum, EOS, bitcoin and others.


therefore if DEX cannot solve this problem we still need CEX.

Stakenet's approach of using their masternode to run the DEX and host full nodes should make a noticeable difference there.
Instead of downloading 12 different chains in their entirety, you can just download an app and press a button to LN/atomic swap between them.
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
October 24, 2019, 10:48:02 PM
#64
Already there were more and more decentralized exchanges into service. Same time very few had succeeded making good trading volume through the different trading pairs. Until now centralized exchanges are quite strong and supportive in the trading process. DEX will add value to it, when the same is being developed by one who has good reputation. This way I believe DEX from Binance will make a big change.
Pages:
Jump to: