Post
Topic
Board Altcoin Discussion
Re: After FTX collapse, some call for a return to decentralized roots
by
fzkto
on 10/06/2023, 09:22:43 UTC
Some dex has decent volume this time. People learned from FTX's case but they never learned if dex was also BS. I meant so many cases that was making the users got trapped caused by they platform goes down and they could not access their own money. DEx is good as long as it's truly decentralized but i don't even see any true decentralized dex till this time.
Then you can try to check Crypton Exchange. The biggest disadvantage is a small variety of acceptable coins. But as soon as now privacy coins are again delisted from numerous exchanges, they can accept them to be traded here.
So far, private coins have not been excluded from exchanges, for example Binance still trades most such coins. Or smaller exchanges continue to trade too. But some private coins have their own DEX. I think that if delisting will start, many users will start to use such DEX rather than third-party services.
If there is a certain supply from the token, then there will be a certain interest from the exchanges. LUNA were traded on Binance, after the collapse of Terra. Other exchanges did not believe. But this does not mean that Binance should repeat the history of FTX.

In the cryptocurrency world, no one is immune to collapse. Large exchanges such as Mt.gox or btc-e have crashed. FTX has also collapsed. Now there is a targeted attack on Binance and Coinbase. I guess nothing lasts forever in this world and a crash is just a matter of time.