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
Stakenet's approach of using MNs and Lightning is decently airtight and straightforward. I believe it will redefine how DEXs are seen.
When it comes to liquidity or volume then nothing beats out CEX out of the throne and as i said earlier this do particularly connects with fiat transactions which isnt present on dex ones.
Thats why even we know that these centralized exchangers doesnt offer out full access on our wallets but the main need of a certain trader is on this place thats why
its no surprise that they will surely stick to this.
There is a solution for DEXs that will greatly beef up their liquidity and let them match or even exceed the volume a CEX can handle.