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Topic: (Yes or NO) The 2020s belong to DEXs - page 20. (Read 5566 times)

legendary
Activity: 3038
Merit: 1166
Leading Crypto Sports Betting & Casino Platform
October 22, 2019, 12:06:38 AM
#3
When up-and-coming DEXs become more convenient than Binance...

Projects like:

Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
...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.

You forgot all eth based exchanges from the list Wink. But people were predicting that decentralized exchanges would be big thing already by now. Only thing i can see slowing that process is the fact that people really like centralized exchanges with custodial services. And naturally centralized exchanges are faster and in many times more liquid, so people who are accepted to trade in there, will continue to do so.
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
October 21, 2019, 11:59:13 PM
#2
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.
jr. member
Activity: 322
Merit: 2
October 21, 2019, 11:48:56 PM
#1
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.
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