I used to use cexes only, then the need arose to trade tokens that were unlisted on cexes, so I started using dexes.
Back then cexes didn't require kyc or even if they did there were few btc daily withdrawals available freely. Now, kyc is mandatory on most, while dexes don't require any kyc and liquidity has also significantly increased during recent times, so dexes are meeting my demands right now.
Unless TEXes bring something new to the table and I have need for same, I won'be migrating.
Indeed, TEX (Transparent Exchange) will only truly attract users from CEX (Centralized Exchanges) and DEX (Decentralized Exchanges) if they effectively meet user needs and address their current pain points. Below are some new changes that TEX brings to users:
Enhanced User Experience and Liquidity:
1. TEX addresses the issues of user experience and liquidity found in DEX by adopting the ERC-4337 account abstraction technology proposed by Ethereum's founder, Vitalik Buterin. From registration and login to trading and withdrawing assets, it adopts a trading experience similar to CEX's.
2. Guardians Setup.TEX has set up guardians, allowing users to securely reset their accounts in cases where they forget their account passwords or lose their mnemonic phrases.
3. Security Transparency.TEX resolves the opaque security issues present in CEX. In TEX, assets are self-custodied by the users, and all transactions are recorded on-chain. Users can view the on-chain records through the hash, ensuring absolute transparency.
4. Mobile Trading. Users can download the app and trade anytime, anywhere, offering convenience and quick access.
Currently, the APP Beta has been launched and is in a small-scale invitation testing phase. If you are interested, you can download it for testing.
Test link:
https://www.tsp.exchange/Download_app.html