Crypto era: crypto CEXs are performing better than traditional banks

[KryptoBull]

I agree.
It's inevitable, really.
Maybe then Dexes will become better than Cexes
Just like Cexes > Banks.

I'm not sure about this. Maybe traditional banks have only failed in their years-long battle against crypto, but in the financial market, they're still the center of transactions and the circulation of much larger capital flows. Their capitalization may have become too large, and intense competition in a larger market has caused their earnings to not be as big as CEXs.

The rise of crypto companies like CEXs is threatening the position of banks and showing traditional banks the value of crypto, at least in terms of generating huge transaction fees and making huge profits. I hope that we will soon see the participation of traditional banks so that the crypto market has better liquidity: everyone can easily buy and sell crypto through bank-supported services.

[luckyledger]

I agree.
It's inevitable, really.
Maybe then Dexes will become better than Cexes
Just like Cexes > Banks.

I'm not sure about this. Maybe traditional banks have only failed in their years-long battle against crypto, but in the financial market, they're still the center of transactions and the circulation of much larger capital flows. Their capitalization may have become too large, and intense competition in a larger market has caused their earnings to not be as big as CEXs.

The rise of crypto companies like CEXs is threatening the position of banks and showing traditional banks the value of crypto, at least in terms of generating huge transaction fees and making huge profits. I hope that we will soon see the participation of traditional banks so that the crypto market has better liquidity: everyone can easily buy and sell crypto through bank-supported services.

You may be right if only banks will get a grasp of this and utilize it accordingly.
However I would be only happy if DEXes continue to become even more advanced with time.

[KryptoBull]

You may be right if only banks will get a grasp of this and utilize it accordingly.
However I would be only happy if DEXes continue to become even more advanced with time.

We're seeing increased involvement of many banks in this sector: they're supporting Spot ETF funds, providing fiat deposit, withdrawal, and transfer services for CEXs users, and even assisting users in buying and selling crypto through their apps... I believe that banks currently on the sidelines due to concerns will soon join to capitalize on the challenging economic conditions.

CEXs and DEXs will coexist in the crypto market. DEXs have made significant improvements to offer more services to users, but it will be difficult to completely replace CEXs as investors still prefer simple and convenient services without having to directly interact with the blockchain.

[bitterguy28]

We're seeing increased involvement of many banks in this sector: they're supporting Spot ETF funds, providing fiat deposit, withdrawal, and transfer services for CEXs users, and even assisting users in buying and selling crypto through their apps...

they need to catch up or else they will be left behind lots of banks are using crypto as their edge over other banks it brings in extra profit obviously i don’t necessarily think that they are losing a lot of clients but it wouldn’t hurt to bring in more from the crypto sector

CEXs and DEXs will coexist in the crypto market.

yup it will even though it basically defeats the purpose of the very core of crypto or at least the very first one which is bitcoin but if other people are more comfortable with their coins being held by a third party then it is their right to decide so

[Ujok]

Not all countries accept crypto well, some countries even prohibit it because it will have a negative impact on the country's banking, if crypto banks enter their country they are afraid they will be competed with and people will change their storage location. In my opinion, crypto banks are safer than traditional state banks because the security is very tight and even the transaction process or network is faster and smoother. Unfortunately, my country doesn't have a crypto bank, in fact not many people know about crypto and the government doesn't fully accept crypto.

[ABCbits]

CEXs and DEXs will coexist in the crypto market. DEXs have made significant improvements to offer more services to users, but it will be difficult to completely replace CEXs as investors still prefer simple and convenient services without having to directly interact with the blockchain.

In addition, DEX usually have no or limited support towards fiat currency.

Not all countries accept crypto well, some countries even prohibit it because it will have a negative impact on the country's banking, if crypto banks enter their country they are afraid they will be competed with and people will change their storage location.

With exception of stable coin, IMO cryptocurrency's price is too volatile to compete with fiat.

[KryptoBull]

Not all countries accept crypto well, some countries even prohibit it because it will have a negative impact on the country's banking, if crypto banks enter their country they are afraid they will be competed with and people will change their storage location. In my opinion, crypto banks are safer than traditional state banks because the security is very tight and even the transaction process or network is faster and smoother. Unfortunately, my country doesn't have a crypto bank, in fact not many people know about crypto and the government doesn't fully accept crypto.

With the growth of the crypto market and the increasing wave of acceptance, I believe that governments will change their views and also open up to the development of crypto. This is an opportunity for traditional banks to participate in supporting services for crypto investors.

Crypto banks were once a very good idea, but unfortunately, this idea has not yet been realized. Some protocols have been quite successful in the market in the role of lending and borrowing but have not been able to fulfill all the missions of a bank. The participation of traditional banks will have a more positive impact on the development of the crypto market.

[luckyledger]

Not all countries accept crypto well, some countries even prohibit it because it will have a negative impact on the country's banking, if crypto banks enter their country they are afraid they will be competed with and people will change their storage location. In my opinion, crypto banks are safer than traditional state banks because the security is very tight and even the transaction process or network is faster and smoother. Unfortunately, my country doesn't have a crypto bank, in fact not many people know about crypto and the government doesn't fully accept crypto.

With the growth of the crypto market and the increasing wave of acceptance, I believe that governments will change their views and also open up to the development of crypto. This is an opportunity for traditional banks to participate in supporting services for crypto investors.

Crypto banks were once a very good idea, but unfortunately, this idea has not yet been realized. Some protocols have been quite successful in the market in the role of lending and borrowing but have not been able to fulfill all the missions of a bank. The participation of traditional banks will have a more positive impact on the development of the crypto market.

I hope for the innovation to take over and eventually, we will see more advancements in the fields you mentioned. The more and more quality that would be in them - the better.

[KryptoBull]

I hope for the innovation to take over and eventually, we will see more advancements in the fields you mentioned. The more and more quality that would be in them - the better.

Currently, both CEX and DEX are fulfilling their roles very well, and users have the right to choose based on their own needs. We need more active participation from traditional banks to achieve higher liquidity for crypto investors, where we can easily buy and sell crypto without fearing that our bank accounts will be frozen.

Crypto banks may not be a feasible solution at the moment as it is very difficult to provide all the services that people are accustomed to using at banks. Behind banks are large corporations or governments, which is the basis for people to trust and use their services. Crypto banks have not yet been able to achieve that foundation.