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Topic: (Yes or NO) The 2020s belong to DEXs - page 18. (Read 5566 times)

hero member
Activity: 2492
Merit: 542
October 23, 2019, 09:24:28 AM
#43
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.
legendary
Activity: 1526
Merit: 1026
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October 23, 2019, 09:23:13 AM
#42
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.
legendary
Activity: 1946
Merit: 1137
October 23, 2019, 08:49:40 AM
#41
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!
jr. member
Activity: 322
Merit: 2
October 23, 2019, 07:04:31 AM
#40
I agree, IDEX volume went dowhhill after they hade implemented the KYC in the platform. I also stopped using it since its somewhat the same with a CEX exchange.
Also regulations will be a big issue for operating a DEX exchange especially the FATF thats against money laundering.
If a DEX can't survive regulation and institutes mandatory KYC at whim, it is in no way a true DEX.
A true DEX cannot be shut down.

Well presently the exchanges with biggest volumes are all centralised exchanges, i can't figure out which number on the list of tip exchange DEXS ARE, truthfully i doubt if dex will take over in 2020 because they still have volume and liquidity problems
For now, you're right. Maybe not by 2020, but 2022? 2024? It seems far away in the crypto sense of things, but it's not.
With what projects like Stakenet have been doing, volume and liquidity should not be a problem for too much longer.

I personally don't believe that DEXs are going to necessarily bloom into widespread adoption all of a sudden.

The fact is that cross platform and fiat integration is still lacking despite the best attempts of DEX providers to create their own stablecoins or token representations of altcoins that are not on their platform. Thus, it's difficult for people to turn down very mature centralised technology and move to complete decentralisation in this field within just a year.

However, I do think that in the short run, they can generate some hype. Especially in the case of a potential broad based bull market in 2020.
Isn't that how Binance and several other exchanges came to be? First they were hungry upstarts that wanted a small portion of the market. Next thing you know, they're the dominant force in the market. What Stakenet and Nash are doing for cross-chain interoperability (no placeholders) and fiat on-ramps respectively will certainly help. It certainly won't be an immediate shift.
I agree that they will generate early hype as a concept sort of like dApp platforms did in 2017. Like dApps, I think decentralization has a bright future ahead and that it will win in the long run. No matter how efficient centralized solutions may be, they end up being vulnerable and prone to hacking and exploitation too much.

I think centralized Exchange are too overrated. DEX should be the future as it gives us anonymity and no withdrawal limits, and it is much easier to use. Even some centralized exchanges are now opening decentralized branche.

In the long term we want the exchanging of tokens to be frictionless and to disappear into the protocol layer. If you transact with someone who wants a different token than you hold, the token swap should occur behind the scenes within the single transaction. This will only be achieved with some sort of DEX and atomic swaps as part of the infrastructure layer. Until this future comes about support the DEXs that are out there today by adding your liquidity to them.
Agreed. The "decentralized branches" aren't even decentralized.
You'd love the progress that Stakenet and Komodo's Atomic DEX are making in terms of native atomic swaps.

No, people will still go for centralize exchanges despite reports of hacks, and exit scams. DEX will still exist but they don't need the needed support though, let people discover them so it's going to be 50/50, there are people that are confident on using centralized exchanges like Binance and on the other hand, there are groups who prefers DEX. But the beauty of it, they can co-exist in the ecosystem.
Interesting perspective. The way you put it makes it similar to the relationship between Bitcoin and fiat. One cannot necessarily slaughter the other for the time being, so they coexist.

Definelty a yes. We've already seen a picture of the wave of DEX's that are going to be coming in this year, with the new McAfee DEX, even though he has had questionable involvments with projects (mostly ICO's), he always is quick to get on the next big thing and it's a good sign.

It all depends on how they are structured, some exchanges like IDEX are only known as "hybrid exchanges" because they aren't fully decentralized and do have access to some parts of your information.

2018 was ICO's, 2019 was IEO's, and 2020 will be DEX's!
You really think 2020 will be the start of DEX hype?
When it comes to "hybrid" exchanges like IDEX/Binance DEX, it seems kind of pointless... Why bother.
I'm curious to see what McAfee DEX is supposed to be.

This may be caused by the fact that the coin I want to trade is not in the DEX. Also it sometimes runs slow enough to annoy. Anyway, as long as DEXs are in the same position as centralized exchanges, why not choose "free" trade? Centralized ones freeze your money and create problems for you and even so the choice is yours.
Fortunately, speed and lack of variety are only problems short-term. They should not be an issue in the near future.

You are wrong. Although centralized exchanges have many flaws, from vulnerability to hacks, inside jobs or bankruptcy, although they ask for KYC, the higher volumes and liquidity will still be there for a good number of years.
The day traders, which compose a very big chunk of the volumes, will always go mostly for off-chain trades, because there the sum of fees is smaller than the sum of tx fees for too many small trades. And for higher volumes some of the exchanges even make a discount on the fees.
Good points, but even you phrase it in a way that makes it seem like their days are numbered ("it will still be there for a good number of years")
What happens when Lightning gets to a point where it can provide even cheaper instant off-chain trades between BTC and numerous high volume coins like LTC and stablecoins? All with no central authority or limits imposed by the exchanges?

DEX’s volume are declining I have doubts that it will outperform the centralised exchanges even though it has better security. I like both type of exchanges it just happen tgat were looking for a good volume and new entrants in crypto won’t easily understand how the Dex’s works.
Present-day volume will soon be as irrelevant as 2015 CEX volume is. A greener market and ease-of-use will do wonders for DEXs.

Even if the volumes of centralized dex will irrelevant again but it's still having more volume compared with the dex and people will always still use centralzed exchange site.
Some dex in your list are also not truly centralized dex like etherdelta and that needs more qualification to determine which is the best dex.

Some called their service as dex but they must comply with regulation and that's a big joke.
EtherDelta isn't on that list.

Biggest DEX problems are
1. Lack of volume
2. Liquidity
3. Too low interest
4. Can be very annoying

Dex aren't showing good signs of interest yet but maybe in the future things can change drastically
I think fast, efficient, convenient, easy to use DEXs will sneak up on us all.

Liquidity issue is one of the reason hindering decentralized exchange growth and adoption by many traders, but I believe with time and improvement many traders and crypto enthusiasts will migrate to dex cus it is more safer in terms of privacy and security.

I just love the komodo atomic dex, with little improvement it will surely be top notch
Agreed. Atomic DEX is great.
hero member
Activity: 3024
Merit: 614
Leading Crypto Sports Betting & Casino Platform
October 22, 2019, 11:23:16 AM
#39
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.

We still have to see that because it's too early I have experienced trading on both exchanges and I find trading on Decentralized Exchange much easier, I really don't like KYC so it's really my choice between the two but some of the coins I'm trading are not listed in DEX but if these Dex's can offer better security and easiness of use then we can expect traders to have it as one of their choices.
legendary
Activity: 2282
Merit: 1041
October 22, 2019, 11:14:46 AM
#38
Yes. Well, they won't be creating a lot of it if the trend isn't going to be there one day. The financial crisis that finance gurus were talking about will probably the least of your worries when your funds are all in the DEX or in your personal wallet. I came across to a question in youtube video where centralize exchange may be affected when crisis actually happen. I have no idea how  Cheesy
hero member
Activity: 1666
Merit: 453
October 22, 2019, 11:09:54 AM
#37
YES and NO! DEX will be better next year and i think they grow more! you forgot to add Binance Dex by the way!
They need to grow alot but for sure in the 2021 they are much ready by  that time!
sr. member
Activity: 784
Merit: 250
DIA | Data infrastructure for DeFi
October 22, 2019, 11:07:50 AM
#36
The best decentralised exchange with real trading volume is Forkdelta, all others are partly centralised or manipulating trading volumes. Unfortunately, Forkdelta is the only reasonable choice for decentralised traders as for now.
hero member
Activity: 1008
Merit: 511
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October 22, 2019, 11:05:16 AM
#35
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.
sr. member
Activity: 644
Merit: 260
October 22, 2019, 11:00:22 AM
#34
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.
It's a good thing to see more and more crypto enthusiasts getting to realise that DEX are the future exchanges we all need. The irony is that most decentralized exchanges lack decent trading volumes, and speed of operation is usually not cool compared to centralized exchanges. Decentralized exchanges need to improve in so many features, including user interface. It's a good thing that one can access most DEX via web 3 extensions like Metamask or via wallets like Trust wallet without necessarily directly inputing private keys or mnemonic phrase,  which makes it more secure comparatively. Let's see what the future brings, for now no one knows if 2020 will be the era for decentralized exchanges. By the way, I didn't know Bithumb has a DEX, I only know of the centralized exchange.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
October 22, 2019, 10:49:01 AM
#33
Probably because the global exchange like Binance or other exchange is more famous nowadays. So they still use the platform.
Maybe later in 2020 will happen a new trend where Dex is more widely used people than the market usually. As it's the trend of ICO to be a trend of IEO today.
Binance already have decentralized exchange and there are some major exchanges following this dex trend aswell. from so long ago decentralized exchange always lacking the volume but with the help of all these major exchange to support dex hopefully it could atleast fill its weakness which is volume so that the community could further use dex for their trading. It's always irritating to see a decentralized exchcange that overall gives you advantage in security is being underrated just because it's either too complex for average joe or lacking the volume.
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
October 22, 2019, 10:41:27 AM
#32
Probably because the global exchange like Binance or other exchange is more famous nowadays. So they still use the platform.
Maybe later in 2020 will happen a new trend where Dex is more widely used people than the market usually. As it's the trend of ICO to be a trend of IEO today.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
October 22, 2019, 10:19:25 AM
#31
Decentralized exchanges will likely get better in the future but I doubt they will replace centralized exchanges or have more users. As decentralized exchanges become better, centralized exchanges will probably get even better. Centralized platforms are easier to use.. most people will prefer the easiest platforms.
member
Activity: 406
Merit: 10
October 22, 2019, 08:48:24 AM
#30
Provide us a DEX that is competitive and at par with the big private exchanges. It should be fast and has a good interface. And people may consider this. Until then, centralized exchanges will continue to enjoy the highest trading volumes.

Stakenet is by far one of the most promising ones I've seen.

Speed: It's based on Lightning, so you'll be able to trade instantly/just as fast as any CEX.
Liquidiity/Volume: Their DEX Aggregator will combine DEX orderbooks together, which will benefit all existent DEX's and add a TON of liquidity to the DEX.

At some point I'm sure we'll see a shift, where people move away from the centralized solutions, and only use them whenever they want to "Cash Out".
sr. member
Activity: 756
Merit: 251
October 22, 2019, 08:03:08 AM
#29
Not just 2020, the future should belong to DEXs. The reality shows a different situation though. It seems that centralized exchanges are still ruling the market. How many are DEXs in the top exchanges? None actually. The current top exchanges are all centralized ones that require their customers to submit personal information for their KYC. DEXs should be promoting something aside from their very basic feature as decentralized.
legendary
Activity: 3360
Merit: 1203
October 22, 2019, 08:00:09 AM
#28
Yes! I'm on the same boat with you mate as I believe that DEX will have a major jump in 2020 and also we can already see a part of the volume moving to dex no wonder why even Binance opened a "dex" even if its not a fully dex like blocknet or waves.

In my personal opinion , waves , blocknet and stakenet are about to bring huge surprises in 2020 for traders , holders and users of dex and their coins.
sr. member
Activity: 860
Merit: 253
SmartFi - EARN, LEND & TRADE
October 22, 2019, 07:53:42 AM
#27
Centralized exchanges have several advantages over decentralized ones. The main advantage is the volume of trading. I think that someday the crypto community will begin to switch to decentralized exchanges, but so far we are not ready.
hero member
Activity: 1470
Merit: 655
October 22, 2019, 07:25:38 AM
#26
it is not about quantity of decentralized exchanges it is about their quality. so far 90% of the projects that are calling themselves "decentralized exchange" are created only to sell people a certain token they also create and raise funds to get rich because of it. and these exchanges don't have that much volume to begin with not to mention that they usually only support a limited number of coins mostly only the ethereum tokens not even altcoins!
so i don't think any kind of big transition from centralized to decentralized exchanges happening any time soon.
hero member
Activity: 1008
Merit: 501
October 22, 2019, 05:12:30 AM
#25
the reason for your question is because the centralization exchange (cex) first appeared before the Decentralization Exchange (dex), if if first the DEX appeared first I am sure many people would prefer DEX over CEX now,
if DEX is already many and famous then I'm sure many people will switch to DEX later.

I agree with you! DEX came later, so, people picked the Centralized exchanges as it came first! But DEX will be more popular than Centralized exchange gradually! Because centralized exchange has many issues like the hacking problem, fake/bot volume, lack of liquidity, high listing and withdraw fee and so on. Where DEX is almost hacked free, not much fake trading volume like CEX and withdraw fee is near zero and token listed fee also reasonable.
legendary
Activity: 2436
Merit: 1189
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October 22, 2019, 03:28:09 AM
#24
DEX still has a long way to go to beat current top centralized exchanges. Yes, DEX did improve a lot in 2019 (remember the shitty etherdelta lol) but DEX still lacks behind in few things which can only be provided by CEX.

Agreed. I also think Decentralised  can not overtake Centralized exchange. In my opinion Dex exchange is not frendly to use like Cex. And always people are finding Something which is user-friendly. But it is right that we need some Dex  also and sometime dex become very usefull.
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