Imagine if most countries unilaterally agree on banning centralized exchanges for good. Will that mean the end of crypto for good (even though it would still be possible to get some crypto through decentralized exchanges)? After all, most people will be afraid of using crypto if it's declared "illegal". The ban of centralized exchanges will surely topple crypto prices, signaling fear among investors and traders alike.
What are your thoughts?
Even if the governments of all the countries will announce crypto is illegal and if will ban all the centralized exchanges, i don’t see anything very scary here because we have another alternative option is Decentralized exchanges, So that i think it will not be big impact on the market. But it’s true that, we will face some difficulties without CEX, as like DEX (ERC-20) is very expensive in case of gas fees which will not be fair for the all users who's small traders.