Post
Topic
Board Altcoin Discussion
Re: (Yes or NO) The 2020s belong to DEXs
by
Chuky92
on 14/03/2020, 10:24:35 UTC
When up-and-coming DEXs become more convenient than Binance...

Projects like:

Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
IDEX
WAVES
Bithumb
...And many more...

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.

Although I only know and have used just a few number of DEXs here, but I won't fail to say that DEXs is still way behind starting with the prominent issue which is low volume especially when it is compared to centralized exchanges. It is totally true that Decentralized exchanges gives more sense of security but crypto users are willing to trade that security for high volume on centralized exchanges, that is to show how important it is. Therefore in my own understanding, DEXs needs to do more to gain the attention of more users starting with volume and maybe user interface.