Re: Why are centralized exchanges still dominating the crypto space?

Quote from: Findingnemo on April 14, 2019, 03:38:31 PM

Quote from: Abiky on April 12, 2019, 01:02:11 AM

Ever since Bitcoin launched back in 2009, the rise of centralized exchanges has been inevitable. A few years later, and now the whole crypto market is dominated by centralized exchanges. While there have been many alternatives to the solution (such as decentralized exchanges), people are still performing trades at centralized entities.

Now the real question is why this is happening, since after all, Satoshi intended Bitcoin to be free from middleman or third parties? Depending on an exchange or custodian, greatly defeats the purpose of true decentralization. Knowing how oppressive some governments are, it'll be easier for them to stop usage of crypto whenever they want to by just targeting centralized exchanges.

Nonetheless, what are your thoughts about this? Huh

Lot of coins are available on centralized exchange so which makes me force to trade on that exchange whenever I want.I never had experience with DEX because I found it is not best when compared to CEX.

that's indeed but you should remember we can add the contract manually but that's only for ERC20 assets. the problem is when the dex can't create a good interface to compete with centralized exchange site. the dex can't get a lot of revenue from its platform and that's made them all can't run the next improvements.