Post
Topic
Board Altcoin Discussion
Topic OP
Why still the lack of volume on cross-chain decentralized exchanges?
by
neblidex_dev
on 25/05/2020, 15:46:30 UTC
It seems that most traders are comfortable using centralized exchanges and accept the risk of spontaneous exchange shutdown. Decentralized exchanges for Ethereum have been around for a while and have been getting more advanced. More people are using them now than ever before. However, cross-chain proxy-free decentralized exchanges (such as Litecoin to Bitcoin or Bitcoin to Ethereum) still lack a significant user base and adoption even though their benefits are well understood and their user interfaces have continued to improve. It appears that settlement speed and blockchain fees may be a major hindrance in their adoption. What do you think? Why do you prefer to trade cryptocurrency using a CEX over a cross-chain DEX?