The crypto community is getting bigger on daily basis, new institutions, big investors and country leaders/government are taking into use Bitcoin and some other crypto currencies. Because the system is not centralized, there are still some people who are skeptical in investing.
Crypto Exchanges being the market place for buying and selling, do you think the Decentralized Exchange and Centralized Exchanges will be on an equal treatment or one with power will suppress the other as per government involvement in one and not in the other on the long run?
What are your thoughts on this?
Crypto Exchanges being the market place for buying and selling, do you think the Decentralized Exchange and Centralized Exchanges will be on an equal treatment or one with power will suppress the other as per government involvement in one and not in the other on the long run?
What are your thoughts on this?
CEX will be regulated until they basically become banks, while DEX still needs upgrading in the UX/UI department.
Imagine how hard it is for newbies to navigate the DEX landscape. I lost 6000 USD due to bad UI/UX design of Trustwallet swaps. And I am no newbie.
CEXs hold user funds. They are easier to use for newbies - but at the cost of surveillance, hacks and mismanagement (FTX, Mt. Gox, etc.).
And who knows what they are doing with your KYC data...
Giving it to who needs it in the dire times, that is what they do with such data
But I agree with you - DEXes need to speed up the UI department if they want to see more people flocking to them.