2020 Belong To DEXs

[Legacy360]

When up-and-coming DEXs become more convenient than Binance...

Projects like:

Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
IDEX
WAVES
Bithumb
...And many more...

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.

[Fivestar4everMVP]

True that, days of centralized exchanges are truly numbered, people use centralized exchanges bcus they provide more liquidity and volume, but ones all this comes to dex, i see no reason to continue using cex.

[Vladok]

I agree, DEX exchanges are gaining popularity very quickly, I think many people will switch to them soon, as it is safer than ordinary exchanges.

[TomPluz]

I am sure that decentralized exchanges will still making their way known in 2021. With the recent hack of the popular centralized exchange Kucoin, the more that people will be looking at DEX as their choice. However, this can be hampered if there will also be DEXs  that can go south or do an exit scam (hope they don't). In many years to come, it would be a see-saw movement between CEXs and DEXs. I guess the main advantage of DEX platforms is that they are more known and maybe good in marketing.

[Bobcrypto]

I don't think that the DEX exchanges will ever dominate the CEX exchanges, and the recent surge in DEX platform is just the heap around the Defi projects that are built on the Ethereum network. The centraliyzed exchanges will always rank higher because they are well funded, that is, with good Liquidity all the time.

[hair]

Maybe, but I think it needs process because currently CEX has more users and is a favorite of traders with large and fast transaction volumes. If the DEX also has a large volume of transactions it will probably occur

[TERMINO]

Regardless of a kind, each crypto traders will use the most safest,reliable
and affordable exchange whether it is DEX or CEX. Because of recent kucoin unpredictable circumstances, I think there is a little bit negative impact to CEX. However, it is early to say 2020 is belong to DEX.

[Jaephoenix]

I think it is the year of DeFi. And it has come to stay. Long may its reign continue in the sphere of cryptocurrency

[Galley]

I assume that centralized cryptocurrency exchanges will not go anywhere and will not lose their relevance.  Decentralized exchanges work on contracts, but what about fiat.

[bigcash2011]

Even the biggest centralized exchange that is binance is feing the heat now as the owner of that exchange has also tweeted indicating that dexes can eat away binances volume anytime which is like an acceptance by him of the situation that is developing.

[lepbagong]

It looks like what happens is like that if we read the information circulating from observers that DEX Tokens have outperformed their centralized counterparts by 5X this year, with an average increase of 240%.
The year-over-year return on decentralized exchange (DEX) tokens is more than five times that of its centralized counterpart according to a recent DeFi report by cryptocurrency research platform Messari.

info: https://cointelegraph.com/news/dex-tokens-have-outperformed-centralized-exchange-tokens-by-5x