Are DEX the Next Big Thing in Trading?

[Hamza2424]

Hmm DEX's are not new here, so I dont think so that DEX" even stands a chance in being top 5 narratives for this cycle, yup there are some DEX projects really cool and under development or in the beta phase but in my view DEX narrative was enough for only last cycle now its time for the AI, DEP IN, gaming, Socifi and Web 3. Even though there some dedicated chains for the DEX trading as you know high network fees and latency is a big issue here, still it requires some incidents and super developments to shine, as the DEX narrative was good when FTX, collapsed people felt to move and then the CEO of Binance got into it and on that fud as well people thought they need to move on, but that was temporary.

DEX's need to fix this on-chain transaction fees issue + super marketing, then i will say DEX's are unbeatable as you know giants in the crypto industry are these centralized exchanges that controls users' assets and if they get eliminated from there the next giants will be DEX's.

[Captain Corporate]

I never understood why we are always looking for the "next thing" in crypto neither. We should see DEX as just alternative. Just like how fiat will not be gone just because we have crypto, cex will not be gone because dex exists either, we are having both of them at the same time. I think the best way to move with the current situation would be just liking what we have and having more options is always great. DEX usually doesn't get a lot of customers, but also not all CEX does neither, there are some good ones out there which gets most of it, rest are usually not as big as the others if you ask me.

[taufik123]

I use all DEXs as well as CEXs because I browse all the crypto market platforms.
Part of the DEX usage depends on the Coins I earn, and the use of CEX is usually for my day trading.

DEXs and CEXs have their own advantages and disadvantages, and security concerns depend on the user.
Like DEXs that depend on users connecting their wallets, storing private keys securely and CEXs depend on how secure the device is, and the security provided by Cex.

[ZAINmalik75]

Projects like ZKX, DYDX others caught my attention in this regard... ZKX for example uses ZK-STARK technology to help with scalability and reduce transaction costs. They also feature account abstraction and have garnered early backing from investors like Polygon.

As a trader. Do you prefer Dex or cex for perpetuals futures trading .

Never heard about ZKX but I heard about DYDX it made people huge losses as its token lost a lot of value. Not a new thing and ZK-Stark technology is also not a big deal. It has been implemented in many projects already. Not a big fan of many Decentralized exchanges and uses only a few for airdrops and other purposes. I would prefer to use Centralized exchanges for trading because it is way easier and convenient to trade on CEX instead of Dex.

I don't think dexs are the next big thing, narratives are changing from time to time, and the current era is of depin, GPU, and AI. I don't know much about Depin but I recently saw a lot of projects coming on this narrative. We should not forget the BTC L2 Dapps narratives that is what is on the peak this time. Babylon is the big thing in this narrative.

[MrSpasybo]

CEX is a good platform for future trading because it can take immediate action. I have no experience trading futures on DEX.  Future trading is very risky and behaves like gambling. So I don't advise anyone to do future trading. Because there is a possibility of losing your trading funds very quickly. If you buy a coin at spot, even if you lose, you can hold it until you get the profit. But in future trading your balance will be zero. So it is better not to do futures trading.

Future is a market tool and therefore still has its own value. However, I personally do not trade futures because it is not suitable for the long-term accumulation investment strategy I am pursuing. Future is like a market that requires quickness and short-term trading strategies to optimize profits through financial leverage. Profit goes hand in hand with risk, and I am not willing to accept that risk.

CEXs are famous for Future, while DEXs are only just starting to support this feature. It is a pity that I do not have experience with Future to share, I just want to remind new investors to focus on learning technical analysis and capital management well before participating in future. When a trader is unsure about capital management actions and stop-loss orders, he should temporarily stay away from future.

[Fivestar4everMVP]

I will always prefer DEX to CEX anytime, anyday, and it doesn't matter the type of market we are talking about, and this is because I am somebody that loves freedom..

But unfortunately, if I was to participate in a perpetual futures trading now, I will prefer to do it on a CEX, and this is because, I personally feel that DEX perpetual futures market is not yet developed to the standard of CEX, and this is minus the fact that CEX also enjoy more liquidity and transactions volume per 24 hours.

But then, In the future when DEX becomes much more developeed than they currently are, I will prefer to trade on DEX than CEX.

[Kemarit]

I never understood why we are always looking for the "next thing" in crypto neither. We should see DEX as just alternative. Just like how fiat will not be gone just because we have crypto, cex will not be gone because dex exists either, we are having both of them at the same time. I think the best way to move with the current situation would be just liking what we have and having more options is always great. DEX usually doesn't get a lot of customers, but also not all CEX does neither, there are some good ones out there which gets most of it, rest are usually not as big as the others if you ask me.

It's uses to be the next big thing way back and even if we hear a lot of hacks on CEX and people shooting about the used of DEX, I'm under the impression that still there is a small percentage of traders that is using it right now. I uses it way back, but liquidity is a big problem and I can't the way I wanted to, sometimes it will take hours.

So I think the best case here is just used both of them, CEX and DEX and then see how it goes for you. That's the thing with this exchanges is that we have a lot of alternatives and each one of them will bring different experience to traders and then we can decided which one we like so it's not about the hype anymore and we should mature and evolved.