More and more Decentralized Exchanges are popping up, but are they really what they are hyped up to be?
https://www.youtube.com/watch?v=d-xA7p9NbdII think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this?
I think it will take a while before they can become a real option for traders, and I'm not even talking about professional traders, or institutional investors. I'm actually talking about normal daily traders that need a fast platform in order to process a lot of orders daily. They are simply to slow, and if sometimes it's a nightmare just to sell some tokens, it would be nearly impossible to try to scalp the market.
For professional and institutional investors a lot of other issues come into place, like liquidity and security.
Decentralized exchanges have a great concept, but they need to evolve a lot, in order to stop being just a place for users to buy or simply dump some tokens.