Quote from: Ucy on October 02, 2018, 02:40:58 PM

Quote from: pawel7777 on October 01, 2018, 04:00:20 PM

Quote from: tee-rex on October 01, 2018, 03:35:10 PM

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But that platform, or kind of, has been there for centuries. When you exchange fiat person to person, just like gold and silver coins a few centuries ago, that is a peer-to-peer exchange. How are they going to regulate it? Now, with the advent of cryptocurrencies and Internet, we are taking this exchange to the next level by removing distance from the equation completely. If you ask me, that's a natural course of events, and preventing or hindering it would be like trying to stop a freight train. Typically doesn't end well for those trying.

You may be confusing peer-to-peer with decentralisation, these 2 doesn't necessarily go in pairs. Binance is/will still be a central entity providing platform for P2P traders and as such, they could be forced to impose limits and comply with KYC requirements.
Even Localbitcoins seem to require ID verification above certain threshold: https://news.bitcoin.com/significant-trade-volume-triggers-localbitcoins-kyc-requirement/

I think this is still a 'grey area' in many jurisdictions, up until cryptos were introduced - such activities were simply not possible to do online.

Anyhow, the good news is, if there's ever too many restrictions on legal P2P exchanges, new 'underground' exchanges will quickly pop-up and take their place.

It is Decentralized exchange or nothing.
A true DEX should operate like Bitcoin/Cryptocurrency - it SHOULD NOT BE OWNED, should be Open, Decentralized, Trustless etc. A good example of good DEX is Bisq
Perhaps Binance is building a semi-decentralized exchange and not actual DEX

Don't they make a lot of money by charging fee's from the each trade? How would the decentralized trading platform would help them? What would be the method they would make money from it? I understand they are already charging less than almost everyone in the market for the fee, even less with their bnb making the fee go down %50 however its still something.

What would happen if they get rid of that and allow people trade directly? How would they make money at all? I am not sure what their play is doing something that would lose them money and doing it themselves as well. Weird to see, there must be a way to make money for them I can't see.