Everything takes time, just like how Binance is as it launche before, more doubts and just time goes by it provides a better performance. They even add a Binance dex simce they see the potential to more trader who prefers a decentralized exchange than their normal exchange Binance. In time as more Dex exchanges appears we can identify whice are better to use in terms of trading, services, profits and performances.
I don't see how much better CEXs can get. On the other hand, DEXs have plenty of room to evolve. That would be one great moment in history. I can't wait for it.
At that point the centralized exchanges will remain only a gateway for fiat, which I guess that DEXes will be unable to address.
You and me both. I guess the true diehards can buy Monero with cash At that point the centralized exchanges will remain only a gateway for fiat, which I guess that DEXes will be unable to address.
A very very complex and controversial issue is when such things can happen at all. Those scenarios that I see are very sad. S
omething must happen that will make people stop trusting centralized exchanges, for example, hacking all exchanges at the same time, which if it happens it will be very soon.
It is also worth noting that the exchanges you are talking about have fairly mediocre liquidity (possibly except IDEX, but this is a partially centralized exchange) and this is a problem,
the speed of order execution leaves much to be desired because decentralization works this way.
But this is not the main problem, perhaps the most important problem is that servers for detailed exchanges are very expensive.
If I sat here and tried to count every centralized exchange that's been hacked this year alone, I'd be here for awhile.omething must happen that will make people stop trusting centralized exchanges, for example, hacking all exchanges at the same time, which if it happens it will be very soon.
It is also worth noting that the exchanges you are talking about have fairly mediocre liquidity (possibly except IDEX, but this is a partially centralized exchange) and this is a problem,
the speed of order execution leaves much to be desired because decentralization works this way.
But this is not the main problem, perhaps the most important problem is that servers for detailed exchanges are very expensive.
I think a lot of people use CEXs not out of trust, but because they have no other choice.
DEXs will catch up. Liquidity and speed will certainly be addressed.