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.
When it comes to cryptocurrency exchange, i don't think decentralized exchange will take the lead any time soon. In as much as decentralized exchange gives the consensual power to traders, they ain't immune to hack and breaches entirely. Records have DEX that have been breach many times too. Due to flexibility and wide range of functionality being provided by centralized exchanges for effective crypto trading, they have gather lots of userbase and large volumes and liquidity over the years, from where the entire crypto market stands, i dont see DEX beating that