I do not understand why new projects place their coins on shitty exchanges. Even if they do not have the money to place their coins on normal exchanges, it is better then to use the most popular decentralized exchanges.
That's correct, decentralized exchange has a good reputation than some small centralized exchange.
Some centralized exchange are accused of wash trading that's why they have a bad reputation, but in decentralized exchange, we cannot do that, it's the real volume that we are seeing coming from a real traders.
There are only few decentralized exchange now compared to centralized exchange but let's hope with Binance DEX, it will be able to lead the DEX market to gain popularity to attract traders. Binance DEX is still new, launched this year but was able to maintain a decent volume of at least $1 million 24 hours trading volume.
https://coinmarketcap.com/exchanges/binance-dex/Before you get all gushy about Binance Dex - just know in its final state and release it isnt a true DEX by any stretch of the imagination.
The main issue of a wallet to wallet real dex is the perception of liquidity.
its catch 22 with a wallet to wallet real dex - we are pretty makers in each case - most people don't do that. They want to get in and out.
So if you are not online - when I post my buy or sell I need to wait for you to come online to buy or sell in a true fully 100% decentralized dex with wallet to wallet trading