Post
Topic
Board Altcoin Discussion
Re: How would crypto fare without centralized exchanges?
by
justdimin
on 07/04/2022, 07:09:37 UTC
Centralize exchanges continue to block accounts of users. That is why many users do not trust centralize exchanges.
Adoption of cryptocurrency grows and many investors and traders prefer to use decentralize exchanges why can not block accounts of users.
Despite the fact that decentralized exchanges are developing very quickly and introducing a set of services that were previously inherent only for centralized exchanges, they are still inferior to CEX. But the advantages of decentralization offset such disadvantages and, accordingly, the future belongs to DEX.
The sad part about it is that DEX projects are developed quickly but never really take off and be consistent. I mean in the defi world we had so much more money and these days we do not have the same amount of money, this should be proof that it is not a long term profitable thing. What CEX has as an advantage is the fact that there is a company and owners that profit and then can use that profit to improve the website.

Binance may not be even making any "profit" right now, the way they spend their revenue like crazy, I am not so sure if they have any money that they have to pay taxes for. This advantage keeps them going, but the DEX ones we see end up releasing, promoting, and then just... there.