They Anonymous and De-centralized Exchanges will become more stable and liquid over the next 10 years.

The larger exchanges (long term) have the same problem banks and financial markets have -- there is too much incentive to assist manipulating shitcoins and ICO's to earn a profit.

The whole "Crypto" industry that people want to become a real thing, won't become a real thing until all of the bad actors get out. Which is why so many of us are bitcoin maximalists until the terrible projects die off.