Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => Topic started by: Mexite on August 11, 2020, 01:40:36 AM
-
Centralized exchanges (CEX) have been pivotal to the growth of blockchain and easy exchange of cryptocurrency. Decentralized exchanges (DEXs) on the other hand have been far from mass adoption because of issues such as low latency, inferior liquidity, front-running, and a few other problems. Yet, many agree that DEXs are the future of blockchain token economy as the centralized nature of CEXs defeat the main mantra of blockchain, which is decentralization.
But in recent times, especially as decentralized finance (DeFi) began to gather steam, coupled with the launch of DEXs such as Uniswap, many traders have potted to DEXs for token exchange. As a matter of fact, Coingecko reported that trading volume on DEX increased fivefold more than CEX in the month of July.
Could this mean that DEX is getting close to outperforming CEX and becoming the primary exchange for traders and investors?
What's your opinion about this?
-
Never,,, decentralized exchanges never overcome centralised exchanges because centralised exchanges has extra securities levels.
-
In my beginning i used to Decentralized Exchange to make trade. However, now i'm transformed completely different, more comfortable using centralized Exchange than Decentralized Exchange. Cause Centralized Exchanges become first choice all over.
-
I don't think it will.
DEX & CEX have their own advantages and for long-term safety most people trust CEX more than DEX.
-
In my beginning i used to Decentralized Exchange to make trade. However, now i'm transformed completely different, more comfortable using centralized Exchange than Decentralized Exchange. Cause Centralized Exchanges become first choice all over.
So you are probably using perfect platform. Centralized exchanges is best for trading cryptocurrencies. I always use cex platform.