Post
Topic
Board Altcoin Discussion
Re: How would crypto fare without centralized exchanges?
by
Bertyda
on 05/04/2022, 22:51:39 UTC

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

The more popular the DeFi exchanges the more people use them. So the liquidity of DeFi exchanges grows and they are albe to win competition with centralize exchanges.

People must be sure that their funds are kept in a safe place. The accounts on centralize exchanges can be blocked or banned. That is why many people prefer to use DeFi products and their adoption grows.