Quote from: Abiky on March 18, 2022, 05:18:29 PM

If crypto becomes extremely popular in the future (widely adopted by a vast majority of people worldwide), it's probable governments will turn against it. They can pressure centralized exchanges to close up shop or face serious consequences in the long run. After all, these exchanges are the on and off ramps from the crypto world to the Fiat world. While not every country is against crypto, they might change their stance once they see Russia using it as a means to avoid sanctions.

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? Huh

Crypto wouldn't be as popular if exchanges like Binance, Kucoin, Coinbase wasn't here. Decentralized exchanges are cool but we already have seen that the tech isn't advanced enough to replace the human factor. There are still some problems which only a human can solve. Decentralized systems are not perfect, they can get broken in time. Customers are not perfect neither. That's why centralized exchanges attract more customers. People just want to know somebody behind their screen there is a human ready to listen to their problems.