Quote from: dothebeats on Today at 11:08:40 PM

Quote from: Abiky on Today at 11:04:17 AM

DEXs are too complex for an average person to get ahold of, so don't expect CEXs to go anywhere soon. People will just be more careful when depositing their coins in a centralized exchange. I'd expect CEXs to be required to disclose their reserves by law (Proof of Reserves) to gain investors' and traders' confidence. It seems to me that CEXs will be treated more like financial institutions (banks) after what happened with FTX lately. This means tighter regulations that will make both the exchange company and the customer's life impossible. There's nothing we can do about it, especially when we let Wall Street take over the industry for quite some time. Crypto/Blockchain tech will be driven away from its core principles of decentralization because of this.

DEXs will still exist in the future, but the number of people using them will be very small compared to CEXs. They will have a future as long as developers continue to improve them. Long-term speaking, DEXs will be able to live alongside CEXs allowing people to choose which platform to trade based on their needs. No one can predict the future, so we can only hope for the best. Just my thoughts Grin

I agree. I don't think most people can catch up with DEX that easily. In this day and age wherein a lot of minor inconveniences are considered as 'problems' by a lot of people, you wouldn't expect them to try and go learn about DEX themselves. It's quite ironic when information is readily available, but people still stay uninformed. CEX provides that easy access and an overall smooth transaction for the average Joe, and DEX is for those who seek added security and anonymity in dealing with cryptocurrencies. It will remain as a separate niche for a long time, and CEX will surely eat the bigger share of the pie until then - though that doesn't mean that DEXs would be gone. They're just not going to be hosting a lot of volumes that's for sure.

That's true, people doesn't want to strain themselves. They need an easy access and smooth experience with exchanges. This can't be expected with DEX, because each and everything is our responsibility and we should have the learning to manage things. The easy access through centralized exchanges make people stay within it and never think of the alternate. Things will change over time and within that a big part will be within the CEX as mentioned.