Bitcoin Forum

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.

the reason for your question is because the centralization exchange (cex) first appeared before the Decentralization Exchange (dex), if if first the DEX appeared first I am sure many people would prefer DEX over CEX now,
if DEX is already many and famous then I'm sure many people will switch to DEX later.

You forgot all eth based exchanges from the list ;). But people were predicting that decentralized exchanges would be big thing already by now. Only thing i can see slowing that process is the fact that people really like centralized exchanges with custodial services. And naturally centralized exchanges are faster and in many times more liquid, so people who are accepted to trade in there, will continue to do so.

DEX still has a long way to go to beat current top centralized exchanges. Yes, DEX did improve a lot in 2019 (remember the shitty etherdelta lol) but DEX still lacks behind in few things which can only be provided by CEX.

DEXs have been around for awhile, but they've had 2 major setbacks:
- Inconvenience (i.e. having to download individual blockchains)
- Low volume (which, in turn, makes jumping through inconvenient tech hurdles not worth it for many)

The table has begun to turn.
In one of many examples, Stakenet intends to use its MN network to host individual chains (convenience) and it will employ a DEX Aggregator to pool multiple DEX orderbooks together (volume).

We're not there just yet, but the water is about to boil. Might as well ask everyone what kind of coffee or tea they're having.

Your reason isn't entirely correct. You see, Regardless of which happened first, People would often opt for things which are easier to access and a couple of other factors. Dex has been existing since late 2016 if I remember correctly and majority of them have fell short. I think about 2 of them now requires customers to do KYC in order to increase trading/withdrawal limits. One other thing that makes dex far more valuable is because they have little to no volume even Binance dex is struggling despite most of its volume coming from Binance.com . Decentralized Exchanges have a long way to go

But we have seen the potential DEX to be a trend in 2020, a countless project is created based on DEX and some of them keep improving it until now giving a unique and friendly feeling to the users. It might not be able to bear centralized exchanges right now but nobody can say anything about the future, even those top exchanges are creating their own DEX because of this. DEX is we need to complete the meaning of peer to peer transactions.

I added a couple more to the list. You're right, but I wonder how long it will be until the liquidity and speed of DEXs catches up enough that the strengths of the DEXs will overpower the extra speed and liquidity of the CEXs.

There's a rather big difference between 2017 and 2019. Who knows where things will be by 2021?

If a centralized authority can implement KYC, it's not a truly decentralized exchange!
Some projects are working on DEXs that will be as immutable as Bitcoin and impossible to shut down once they launch. DEX Aggregators will allow DEXs to communicate with each other so that, even if you're only on one DEX, you benefit from the orderbooks of several other DEXs. They, in turn, benefit from the volume you provide them. I think DEXs will pack a punch sooner than we expect.

I agree, IDEX volume went dowhhill after they hade implemented the KYC in the platform. I also stopped using it since its somewhat the same with a CEX exchange.
Also regulations will be a big issue for operating a DEX exchange especially the FATF thats against money laundering.

Well presently the exchanges with biggest volumes are all centralised exchanges, i can't figure out which number on the list of tip exchange DEXS ARE, truthfully i doubt if dex will take over in 2020 because they still have volume and liquidity problems

I personally don't believe that DEXs are going to necessarily bloom into widespread adoption all of a sudden.

The fact is that cross platform and fiat integration is still lacking despite the best attempts of DEX providers to create their own stablecoins or token representations of altcoins that are not on their platform. Thus, it's difficult for people to turn down very mature centralised technology and move to complete decentralisation in this field within just a year.

However, I do think that in the short run, they can generate some hype. Especially in the case of a potential broad based bull market in 2020.

I think centralized Exchange are too overrated. DEX should be the future as it gives us anonymity and no withdrawal limits, and it is much easier to use. Even some centralized exchanges are now opening decentralized branche.

In the long term we want the exchanging of tokens to be frictionless and to disappear into the protocol layer. If you transact with someone who wants a different token than you hold, the token swap should occur behind the scenes within the single transaction. This will only be achieved with some sort of DEX and atomic swaps as part of the infrastructure layer. Until this future comes about support the DEXs that are out there today by adding your liquidity to them.

Because many thinks that playing along a centralized exchange is the norm in this business.


Again, the media has something to do with it, centralized exchanges has big budget to push their agenda by using social media platforms, crypto related websites. And people actually fall for it.


No, people will still go for centralize exchanges despite reports of hacks, and exit scams. DEX will still exist but they don't need the needed support though, let people discover them so it's going to be 50/50, there are people that are confident on using centralized exchanges like Binance and on the other hand, there are groups who prefers DEX. But the beauty of it, they can co-exist in the ecosystem.

Definelty a yes. We've already seen a picture of the wave of DEX's that are going to be coming in this year, with the new McAfee DEX, even though he has had questionable involvments with projects (mostly ICO's), he always is quick to get on the next big thing and it's a good sign.

It all depends on how they are structured, some exchanges like IDEX are only known as "hybrid exchanges" because they aren't fully decentralized and do have access to some parts of your information.

2018 was ICO's, 2019 was IEO's, and 2020 will be DEX's!

This may be caused by the fact that the coin I want to trade is not in the DEX. Also it sometimes runs slow enough to annoy. Anyway, as long as DEXs are in the same position as centralized exchanges, why not choose "free" trade? Centralized ones freeze your money and create problems for you and even so the choice is yours.

You are wrong. Although centralized exchanges have many flaws, from vulnerability to hacks, inside jobs or bankruptcy, although they ask for KYC, the higher volumes and liquidity will still be there for a good number of years.
The day traders, which compose a very big chunk of the volumes, will always go mostly for off-chain trades, because there the sum of fees is smaller than the sum of tx fees for too many small trades. And for higher volumes some of the exchanges even make a discount on the fees.

DEX’s volume are declining I have doubts that it will outperform the centralised exchanges even though it has better security. I like both type of exchanges it just happen tgat were looking for a good volume and new entrants in crypto won’t easily understand how the Dex’s works.

Even if the volumes of centralized dex will irrelevant again but it's still having more volume compared with the dex and people will always still use centralzed exchange site.
Some dex in your list are also not truly centralized dex like etherdelta and that needs more qualification to determine which is the best dex.

Some called their service as dex but they must comply with regulation and that's a big joke.

Biggest DEX problems are
1. Lack of volume
2. Liquidity
3. Too low interest
4. Can be very annoying

Dex aren't showing good signs of interest yet but maybe in the future things can change drastically

Liquidity issue is one of the reason hindering decentralized exchange growth and adoption by many traders, but I believe with time and improvement many traders and crypto enthusiasts will migrate to dex cus it is more safer in terms of privacy and security.

I just love the komodo atomic dex, with little improvement it will surely be top notch

Provide us a DEX that is competitive and at par with the big private exchanges. It should be fast and has a good interface. And people may consider this. Until then, centralized exchanges will continue to enjoy the highest trading volumes.

I think that it's a great situation for us, the users. Competition is like a breeze of fresh air, always brings something beneficial for the entire sector. Whatever it will be some sort of DEX revolution, we, as users, will become just a bit more satisfied with the quality of crypto exchanging. This process of moving majority of the marketcap. on to DEX, may take some significant amount of time though. Thus, I have a feeling that 2020 will remain in the realm of old, well established CEX type market places. Nevertheless the end game, is going to be good for us. One question, why all those dex'es look so ugly?  ;)

Decentralized exchanges are gaining huge attention in the cryptosphere but i don't think it would take over Centralized exchanges really quick. Also, most DEXs are quite slower than CEXs hence crypto users would still prefer to use centralized exchanges over decentralized ones. So yeah, it's a big no for me at least not within the next 5 years. CEXs would still rule the cryptospace.

Agreed. I also think Decentralised  can not overtake Centralized exchange. In my opinion Dex exchange is not frendly to use like Cex. And always people are finding Something which is user-friendly. But it is right that we need some Dex  also and sometime dex become very usefull.

I agree with you! DEX came later, so, people picked the Centralized exchanges as it came first! But DEX will be more popular than Centralized exchange gradually! Because centralized exchange has many issues like the hacking problem, fake/bot volume, lack of liquidity, high listing and withdraw fee and so on. Where DEX is almost hacked free, not much fake trading volume like CEX and withdraw fee is near zero and token listed fee also reasonable.

it is not about quantity of decentralized exchanges it is about their quality. so far 90% of the projects that are calling themselves "decentralized exchange" are created only to sell people a certain token they also create and raise funds to get rich because of it. and these exchanges don't have that much volume to begin with not to mention that they usually only support a limited number of coins mostly only the ethereum tokens not even altcoins!
so i don't think any kind of big transition from centralized to decentralized exchanges happening any time soon.

Centralized exchanges have several advantages over decentralized ones. The main advantage is the volume of trading. I think that someday the crypto community will begin to switch to decentralized exchanges, but so far we are not ready.

Yes! I'm on the same boat with you mate as I believe that DEX will have a major jump in 2020 and also we can already see a part of the volume moving to dex no wonder why even Binance opened a "dex" even if its not a fully dex like blocknet or waves.

In my personal opinion , waves , blocknet and stakenet are about to bring huge surprises in 2020 for traders , holders and users of dex and their coins.

Not just 2020, the future should belong to DEXs. The reality shows a different situation though. It seems that centralized exchanges are still ruling the market. How many are DEXs in the top exchanges? None actually. The current top exchanges are all centralized ones that require their customers to submit personal information for their KYC. DEXs should be promoting something aside from their very basic feature as decentralized.

Stakenet is by far one of the most promising ones I've seen.

Speed: It's based on Lightning, so you'll be able to trade instantly/just as fast as any CEX.
Liquidiity/Volume: Their DEX Aggregator will combine DEX orderbooks together, which will benefit all existent DEX's and add a TON of liquidity to the DEX.

At some point I'm sure we'll see a shift, where people move away from the centralized solutions, and only use them whenever they want to "Cash Out".

Decentralized exchanges will likely get better in the future but I doubt they will replace centralized exchanges or have more users. As decentralized exchanges become better, centralized exchanges will probably get even better. Centralized platforms are easier to use.. most people will prefer the easiest platforms.

Probably because the global exchange like Binance or other exchange is more famous nowadays. So they still use the platform.
Maybe later in 2020 will happen a new trend where Dex is more widely used people than the market usually. As it's the trend of ICO to be a trend of IEO today.

Binance already have decentralized exchange and there are some major exchanges following this dex trend aswell. from so long ago decentralized exchange always lacking the volume but with the help of all these major exchange to support dex hopefully it could atleast fill its weakness which is volume so that the community could further use dex for their trading. It's always irritating to see a decentralized exchcange that overall gives you advantage in security is being underrated just because it's either too complex for average joe or lacking the volume.

It's a good thing to see more and more crypto enthusiasts getting to realise that DEX are the future exchanges we all need. The irony is that most decentralized exchanges lack decent trading volumes, and speed of operation is usually not cool compared to centralized exchanges. Decentralized exchanges need to improve in so many features, including user interface. It's a good thing that one can access most DEX via web 3 extensions like Metamask or via wallets like Trust wallet without necessarily directly inputing private keys or mnemonic phrase,  which makes it more secure comparatively. Let's see what the future brings, for now no one knows if 2020 will be the era for decentralized exchanges. By the way, I didn't know Bithumb has a DEX, I only know of the centralized exchange.

There is a possibilty that decentralized exchange will boom next year because even top exchanges like Binance will launch their own DEX which means that users in Binance platform might switch into DEX and also we know that Binance is good at marketing so I'm pretty sure that their own DEX will be the hot topic next year.

The best decentralised exchange with real trading volume is Forkdelta, all others are partly centralised or manipulating trading volumes. Unfortunately, Forkdelta is the only reasonable choice for decentralised traders as for now.

YES and NO! DEX will be better next year and i think they grow more! you forgot to add Binance Dex by the way!
They need to grow alot but for sure in the 2021 they are much ready by  that time!

Yes. Well, they won't be creating a lot of it if the trend isn't going to be there one day. The financial crisis that finance gurus were talking about will probably the least of your worries when your funds are all in the DEX or in your personal wallet. I came across to a question in youtube video where centralize exchange may be affected when crisis actually happen. I have no idea how  :D

We still have to see that because it's too early I have experienced trading on both exchanges and I find trading on Decentralized Exchange much easier, I really don't like KYC so it's really my choice between the two but some of the coins I'm trading are not listed in DEX but if these Dex's can offer better security and easiness of use then we can expect traders to have it as one of their choices.

If a DEX can't survive regulation and institutes mandatory KYC at whim, it is in no way a true DEX.
A true DEX cannot be shut down.

For now, you're right. Maybe not by 2020, but 2022? 2024? It seems far away in the crypto sense of things, but it's not.
With what projects like Stakenet have been doing, volume and liquidity should not be a problem for too much longer.

Isn't that how Binance and several other exchanges came to be? First they were hungry upstarts that wanted a small portion of the market. Next thing you know, they're the dominant force in the market. What Stakenet and Nash are doing for cross-chain interoperability (no placeholders) and fiat on-ramps respectively will certainly help. It certainly won't be an immediate shift.
I agree that they will generate early hype as a concept sort of like dApp platforms did in 2017. Like dApps, I think decentralization has a bright future ahead and that it will win in the long run. No matter how efficient centralized solutions may be, they end up being vulnerable and prone to hacking and exploitation too much.

Agreed. The "decentralized branches" aren't even decentralized.
You'd love the progress that Stakenet and Komodo's Atomic DEX are making in terms of native atomic swaps.

Interesting perspective. The way you put it makes it similar to the relationship between Bitcoin and fiat. One cannot necessarily slaughter the other for the time being, so they coexist.

You really think 2020 will be the start of DEX hype?
When it comes to "hybrid" exchanges like IDEX/Binance DEX, it seems kind of pointless... Why bother.
I'm curious to see what McAfee DEX is supposed to be.

Fortunately, speed and lack of variety are only problems short-term. They should not be an issue in the near future.

Good points, but even you phrase it in a way that makes it seem like their days are numbered ("it will still be there for a good number of years")
What happens when Lightning gets to a point where it can provide even cheaper instant off-chain trades between BTC and numerous high volume coins like LTC and stablecoins? All with no central authority or limits imposed by the exchanges?

Present-day volume will soon be as irrelevant as 2015 CEX volume is. A greener market and ease-of-use will do wonders for DEXs.

EtherDelta isn't on that list.

I think fast, efficient, convenient, easy to use DEXs will sneak up on us all.

Agreed. Atomic DEX is great.

every time there is some sort of restriction from the government or exchanges like KYC,... on centralized exchanges it pushes people towards the decentralized alternatives, also every time there is another big exchange scamming people it pushes people towards them but it works both ways. whenever there isn't that much things changing like these days, no big exchange pulling scams,... people start feeling falsely safe and forget about DEXes. which means development, innovation and progress slows down or sometimes even stops. and we are at that point and that makes 2020 nearly the same as this year. unless something big changes like Binance scam!

Centralized exchanges are nothing but a joke. Why should I believe 3rd party with my assets? Stealing people's money is not uncommon, so are the hacks. And lastly KYC. Dont you think KYC is against whole crypto concept. You are not anonymous if you do the KYC. So yes, dex is the future.

I will say NO to DEX for now or in 2020, there are many problems you may experience while using DEX at the moment one most obvious is speed like for example if you are trading at fd and attempting to buy on the current order book as I usually experienced I always got some error says that order was already taken etc,,order book not updated as we all know theres no blockchain for now that can process same with centralized exchange like Binance can process almost 1m orders/s its a long way to go before many users will eventually transfer into DEX.

we still need centralized exchange. maybe in the future DEX will become popular, but there are still some problems that cannot be solved by DEX. one of the difficult problems for DEX is combining several blockchain in one platform. on average DEX currently only supports one or two blockchain networks, whereas there are many blockchain networks today such as waves, ethereum, EOS, bitcoin and others.


therefore if DEX cannot solve this problem we still need CEX.

some of them are popular already, every body knows about forkdelta and idex already providing market for the ERC tokens. the volume of each of them are just not enough to make them compete the bigger centralize exchanges. the possible solution is probably organize them all to have one volatility pool where orders from the other dex can be sent to all dex. this way exchanges might just be used widely. i have read this idea from a dex project actually can't remember which one as there are many of them.

DEX has a lack of features compared with big exchanges. based on trader perspective, they need good platform to trade
big centralized exchange gives it and DEX doesnt, so it is reasonable if centralized exchanges get more attention and ofc volume
even they know that centralized is so risky, but they still do

DEX unfortunately doesn't make as much profit as the centralized ones which means they do not have the means to fight the centralized ones which is why they don't get super recognized and get bigger. Dex is by far the better option for many people and I would prefer to use it as well but looking at how horrible they are usually done I am afraid even I won't be using them for a little more while.

Maybe one day a much better version will come up and they will make money (since they are usually working on token system and could still profit) but until then there is really no DEX that could rival the goliaths that is centralized ones. Who could really fight against Binance for example, those guys are making millions every month, no DEX could profit that much.

Stakenet is the best example I can think of. They've been aiming to be the "Apple of DEXs" - friendly and intuitive UI, convenient, easy to use, professional but efficient and geared towards performance. They're using LN to power it and aggregating the "DEXosphere", if you will. That will immediately benefit every DEXs orderbooks.

2020? CEXs... but what about 2024?
I guess a lot of DEXs are more about function than form. Stakenet looks nice (http://"https://miro.medium.com/max/1417/1*fXC_LT7fYJl5yhPNXrjwkg.png"), though.

I think Lightning will have a great use case in speeding up DEXs and making them less clunky.

DEXs have generations to them now. The newer ones are all about making UI friendly and setup/use convenient.

Agreed.

A DEX that needs placeholder tokens to substitute for real ones isn't a proper DEX. Native interoperability is as key as not having a central authority in control over it.

DEX aggregation may very well change that - and sooner than later!

I think the general sentiment will change quickly when people see how easy to use the newer ones are.
So back in 2017, I used Bittrex to daytrade a lot. I did pretty well and ended up getting a 10x chasing pumps here and there.
Apparently, it was just enough money to raise a red flag for Bittrex. They reset my verification level and froze withdrawals from my well-established account. They held my funds hostage in exchange for high-level verification. Their support was both worthless (avg response time was 4 weeks) and powerless to do anything about my account that was suspiciously reset. Eventually, I managed to get my money back but it took months of fighting. Suffice to say, I never made a single trade on Bittrex after that and I'm delighted that they've pulled a Bitfinex/Polo and became irrelevant.

This is exactly why I'm excited for Stakenet. Zero hassle, just trade. It'll be fast and have the liquidity to hold it's own. Put simply, I can be at peace knowing that I can access my money at any time - even if my bags moon and my balance becomes 10x what it was overnight.
I hope people aren't still in the habit of keeping more than a few hundred dollars on exchanges. If your bags moon, they may just freeze your account because they can.

Current steps for using a centralized exchange to attain true ownership of an altcoin.

1.) Register an account
2.) Verify and KYC
3.) Wait to be verified (depending on exchange it may take up to a week)
4.) Buy Bitcoin (oftentimes somewhere else like Kraken or Coinbase)
5.) Transfer Bitcoin to exchange
6.) Wait for Bitcoin to show up
7.) Buy off exchange
8.) Download individual wallet and let it sync
9.) Transfer off exchange
10.) Wait for coin to show up in private encrypted wallet where you finally have direct ownership of the alt you want to own

...Then it's yours.

Future steps for using a DEX like Stakenet or KMD Atomic DEX to attain true ownership of an altcoin

1.) Register an account
2.) Verify and KYC
3.) Wait to be verified (depending on exchange it may take up to a week)
4.) Buy Bitcoin (oftentimes somewhere else like Kraken or Coinbase)
5.) Transfer Bitcoin to exchange
6.) Wait for Bitcoin to show up
7.) Buy off exchange
8.) Download individual wallet and let it sync
9.) Transfer off exchange
10.) Wait for coin to show up in private encrypted wallet where you finally have direct ownership of the alt you want to own

...Then it's yours.
No accounts. No KYC. No downloading individual wallets. 100% ownership. Trading from a private encrypted wallet. I'll take that any day of the week.

Centralised exchanges get more users and would continue to get more users, infact the highest decentralized exchange(Idex) is now asking for KYC before users can trade, so I seriously doubt that decentralised exchanges would start making an impact in 2020, I see no signs of it at all, Centralised exchange are presently the kings and would likely remain so next year.

Seems that StakeNet is about to make another jump in price despite the fact that the all market is down and struggling to maintain a stable price, this is what a strong project does when the market takes a dive , it stays strong. There are a lot of people talking about DEX lately and this could be only positive news that could reflect in 2020 in both volume and more users. I wouldn't not exclude Blocknet who is stronger and always push updates and waves even if they marketing lately seems to have issues regarding their vision.

How can it be a year for DEXs when the Centralized exchangea like Binance, Upbit, OKEx, Bittrex are still waxing strong and further positioning itself to satisfy the regulatory demands of SEC and the US Market. Just recently, Some privacy coins were delisted from Okex, Upbit on the demands of the Korean Government. I think I am seeing crypto tilting further to centralization with DEXs like IDEX now running KYC for its users

The problem with decentralized exchanges is that you have to have a deeper understanding about connecting your wallets to the exchange's smart contract. And trade execution is really 10x slower than the centralized exchanges. Maybe someday but not now.

Central exchanges have far more barriers and rules to them and yet they will always be playing catch-up with DEXs in terms of security.
Let's say you have a CEX and a DEX. Both are fast, both user-friendly, both with impressive volume, both easily downloadable.
Do you side with the CEX when so many have been hacked and you don't have full ownership of your keys/coins, or the DEX where you do?

Yeah IEOs have been the buzzword for awhile now, that's for sure.

Binance DEX is decentralized in name only. It has geo-blocking and uses placeholder coins. It's not a good example of a DEX, namely because it isn't one.

Speed, volume, accessibility. A lot of people have been saying that in this thread. It's true there are setbacks for now, but not for long.
I think you will all be blown away when you see what Stakenet's gonna do for the DEX space.  ;D

Everything takes time, just like how Binance is as it launche before, more doubts and just time goes by it provides a better performance. They even add a Binance dex simce they see the potential to more trader who prefers a decentralized exchange than their normal exchange Binance. In time as more Dex exchanges appears we can identify whice are better to use in terms of trading, services, profits and performances.

That would be one great moment in history. I can't wait for it.
At that point the centralized exchanges will remain only a gateway for fiat, which I guess that DEXes will be unable to address.

A very very complex and controversial issue is when such things can happen at all. Those scenarios that I see are very sad. S
omething must happen that will make people stop trusting centralized exchanges, for example, hacking all exchanges at the same time, which if it happens it will be very soon.
It is also worth noting that the exchanges you are talking about have fairly mediocre liquidity (possibly except IDEX, but this is a partially centralized exchange) and this is a problem,
the speed of order execution leaves much to be desired because decentralization works this way.
But this is not the main problem, perhaps the most important problem is that servers for detailed exchanges are very expensive.

I don't know. Binance has a fine CEX, but their DEX isn't a DEX and the way they manipulated BlockDX for info remains suspicious.

Aggregation should eliminate the liquidity problem for good.

I didn't add Binance DEX because it's not a real DEX so it doesn't count. It has geo-blocking. I can't even access it in my own country

Their position is similar to a casino's. If crypto tanks, less people might gamble but they'll always win money from whoever still comes in to play.

CEXs had a 5 year start. Even still, I see DEXs catching up with them fast.

Indeed, the problem cannot be broken because centralized exchange is still on the Ethereum blockchain network. DEX exchange is currently still in demand but the most widely used is CEX, and I have not seen any project that can solve this problem, DEX and CEX are used to trade the same so from trading it has a different performance.

DEX is the future. For now it is rather difficult to compete with cetralized exchange. Because of their greater prestige, trading volume too, and most recently they added the IEO feature. This makes them increasingly used by crypto activists. Now, large exchanges have started to make a lot of new DEX. This is a sign that the DEX era will soon develop because it is safer, without fake volume, and also buyers and sellers are connected directly without a third party.

Still there's a lot of things to happen, yes DEX is the future, but we don't know what will happen, is people going to trust them and use their exchange or not, so it depends on the people's preference. Although, DEX is not good for me as they will list a lot of shitcoins there, it is just for their own so that they can earn even in shitcoins.

Yes, indeed shitcoin is easily entered into DEX. I think there should be an institution or DEX owner that regulates these new projects so that they don't easily enter DEX and sell their tokens at will.
Actually, DEX or CEX, I just love both. Both have their respective advantages. Yes, of course not CEX or DEX carelessly. Like Binance, Binance DEX, Kucoin, and IDEX.

You see, centralized exchanges are easier to use, is famous and is regulated to be clean so beginners tend to use it first. Most exchanges don't ask for KYC so you create an account and you can trade. If DEX were to have an easier access too then it would be so convenient to use it. Don't be mistaken, DEX has a lot of potential, they just need more time and attention to at least be on par with centralized exchanges.

Already there were more and more decentralized exchanges into service. Same time very few had succeeded making good trading volume through the different trading pairs. Until now centralized exchanges are quite strong and supportive in the trading process. DEX will add value to it, when the same is being developed by one who has good reputation. This way I believe DEX from Binance will make a big change.

Agreed. Complacency is a recurring problem. How many times have big exchanges gotten hacked or exit scammed? Then a new one shows up and the response is... "but this time it's different!"

Thank you. Do you know how many people are content with rampant KYC? It's disgusting. Don't they realize that KYC and blockchain are like mixing milk and gasoline together?

If not 2020, when? 1m orders is impressive. All the while, how much of that is organic trading?

Stakenet's approach of using their masternode to run the DEX and host full nodes should make a noticeable difference there.
Instead of downloading 12 different chains in their entirety, you can just download an app and press a button to LN/atomic swap between them.

As much as i love Dex especially in term of security but the truth is that it will be difficult for Dex to take over from CEX because DEX is lacking behind in so many things including volume which is important to every investor.

I believe that finally era with DEXs begins. Because we need DEX to protect ourselves from regulations and KYC abuse. With recent FATF actions I am pretty afraid that CEX will be sooner or later closed.

I don't see the logic here. There is not many DEXs around us. Its inconvenient for user.

when compared to CEX, DEX is superior, but some DEX projects cannot compete for trading volume, only forkdelta and IDEX can have a lot of volume,
and now Binance starts their own DEX, and that is really progressing in my opinion, maybe Next years is the DEX era!

Centralised exchanges are into bad acts, toying with fake volumes and watch trades but still the best exchanges in crypto space today are all centralized exchanges, dex exchanges kills hackers off totally and that is what makes dex better but in volume aspect its no go

Yes binance launched their own Dex, I dont think it will surpass cex since you can noticed from cmc which exchange coming all the volume right? Only Binance Dex and Idex are my trusted dexes but people will always choose cex considering the high liquidity and market movement. Dex isnt bad its just that people tend to a more interesting market volumes.

decentralized exchanges just as an alternative for traders that didnt want pass kyc when they trade with huge amount.some exchanges has rule if their customer if want to withdraw more than 2bitcoin they must send personal data document to pass kyc.this is be problem for trader whom prefer hide their identity.although dex exchanges has smaller trading  volume  it no matter for them.

I don't like dex exchange for on reason, many shit coins always find there way to the exchange with ease, but dexs are the most secured ever, i do hope that all the highest market cap belongs to dex exchanges but i doubt it will ever happen even after 2020

I dont think so! Let me clarify my stand im not againts with any trustworthy DEX, But the problem of many DEX til today is the volume (too low volume) thats why many  traders still using the centralized exchange because it has more attractive volume compare to DEX. Its a long way for DEX before it will come up with the centralized exchange popularity and that was my opinion.

I personally prefer security and comfort when trading, so I rarely use DEX except under certain conditions such as selling tokens from reward bounties where the market is only there. Dex exchange usually has no customer support, low liquidity, and slow execution. It's less effective for daily trading that requires fast performance. However, dex also has several benefits as mentioned by the OP. That is why Binance also provides dex exchange: Binance dex.
So, for a yes / no answer depending on each person, I choose no.

One if the reasons crypto enthusiasts will prefer DEXes, is because it is the reason they are here, which is decentralization. Very soon traders !right decide to leave centralized exchanges, because of fake volumes. Analysts have started putting it clear that most centralized exchanges use fake volumes, compared the the human traffic on their sites.

Me too, that doesn't make sense to say about 2020 belong to the DEXs and it looks like OP is not even seeing about how much total existed DEX in these days. Some of dexs are having almost zero daily trade volume.
Anytime CEX still dominated the market and that's the fact. We can try to deny that fact when the dex has so many users and Dex started to grow on its quantity in the market too. The growth of dex is still not impressive.

Dex are not commonly used by many. I don't know if DEX make it's way to the top. However, DEX can be targeted by the government. That's why people are hesitant to use them. Centralized Exchanges are more preferred by many people even it's not cheap to use them. Because huge percent of overall trading volume came from centralized exchange. Also you can directly exchange cryptocurrency to that which way more convenient than DEX. I don't know how DEX can compete with CEX in 2020.

People have use the cex eversince crypto trading happened. Dex become more relevant when many launches their own but to be honest, there are more list to these but only these have some good volume other dex are nothing and completely unused in my opinion. I still prefer cex actually due to high volume and liquidity. Ive using dex when I have some target alt to buy for a low price.

Are you talking about Stakenet's DEX Aggregator? They've come up with a way to pool together numerous DEX orderbooks. It's a big win for every player in the decentralized space.

What if volume weren't an issue and DEXs could guarantee traders the volume they need?

You would love what Stakenet is doing. It's a major step forward in terms of DEXs.

Volume and liquidity are the main edge of CEX over DEX. Traders prefer volume and liquidity over whether the exchange is centralized or not. They create profit out of these two aspects. Although there are some traders who really dislike KYC and other related requirements that are implemented by centralized exchanges, some of these exchanges are offering a high limit to unverified accounts. So in a way, they can still do their trading on centralized exchanges at the same time avoid all those requirements. In the process, DEX is left at the side. 

Definitely not. It is really wired, because the market needs truly decentralised exchanges, but we do not have any. The best dex IDEX, implemented KYC, Binance DEX does not support ERC-20 tokens, so the only one left with a good volume is Forkdelta.

I don't think so, there has been no significant improvement on DEX this year and I will not expect they will boom easily next year.
With the combined DEX in the market if I am not mistaken, they don't reach at least $100 million in trading volume.

Binance as one of the most popular exchange had launch their DEX, but their trading volume now is just over $1 million although it has 81 verified market at the moment.

https://coinmarketcap.com/exchanges/binance-dex/

Binance's DEX is NOT decentralized, and therefor not even a "DEX" to begin with. It's funny and scary how they continue to fool everyone with their sneaky marketing gimmicks. When all the nodes who verifies the incoming and outgoing transactions is owned by Binance themselves, it fails to be a true DEX I'm afraid.

I believe Stakenet COULD be a game changer since they solve so many different areas at once, that is currently the actual problem with the current solutions.

Speed: Solved with Lightning, which makes transactions virtually instant, with unlimited transactions/s
Liquidity/Volume: The DEX Aggregator will combine multiple DEX order books together benefitting everyone, as it ads a TON of liquidity to the network overall.
Ease of use: Nobody wants any technical solutions, wait for block time confirmations, sync up wallets, etc. The DEX is hosted on a layer of masternodes, holding all the chains on the network, this means you can trade immediately from the get-go.
Fee's: Probably among the cheapest, since Lightning transactions are virtually feeless, the fees involved is however distributed amongst the masternodes who provides the services.

The best i theink is

• Blocknet
  Switcheo

As for me, I would use DEX instead of centralized cryptocurrency Exchanges, but their disadvantages like low liquidity and complicated UI are the reasons I use DEXes seldom. Hope these problems will be solved in a few years.

People actually would have preferred using DEX if its liquidity is a lot more, I mean most of people I've seen are tired of fulfilling the requirement of ID verification and also their concern regarding the security that a conventional exchange carries which usually a risk about insiders manipulation.
It's such a shame that all the DEX until now are suffering from the lacking of liqudity but seeing that in 2020 there will be plenty of DEX released is such a relief. I hope that DEX could strive even further than it currently is and also being more simple.

It's actually my first time of seeing this HBDEX, what makes it unique if I may ask please. I'm familiar with IDEX, FORKDELTA, BINANCEDEX, WAVESDEX and a few popular decentralized exchanges but not HBDEX.  Is the volume and speed of operation encouraging? Because that has been a major drawback for most DEX.

2020s belong to Atomic swaps, Privacy, Dapp platforms and actual retail adoption Of crypto this trading/speculation stuff and all these exchanges are not going to be a thing forever or even much longer.. Crypto was made to be used It's Money Not stocks/shares.
check out what some of the realist cypherpunks in the space have been doing Ringct/bullets/atomic swaps/Lightning/smart contracts/Dapps/Decentralized governance this is the future of blockchain > https://user-images.githubusercontent.com/1965795/50094194-e23fa700-0212-11e9-8d0d-6e205c747779.gif

Screenshot https://i.imgur.com/Mzztvaj.png

We will be working on a in wallet atomic swap DEX though so stay tuned for that, Also "black ligtning" incoming our own custom build of ringct/Lightning network with atomic swap compatibility.. All built on Bitcoin core.

Particl.io

I have not heard of Stakenet but it looks interesting from your perspective. On Binance DEX, people really think an exchange is categorised CEX or Dex based on the interface rather than operatability and governance. Like wise IDEX which is not really a DEX. I don't have a problem with an exchange CEX or DEX anyway because I can easily kyc in any of them, I am more worried about profits and liquidity

If IDEX can suddenly demand KYC out of thin air, they're not a real DEX.

Good call! Stakenet performed exceptionally well just 2 days after your post.

The beauty of a pure DEX is that no outside authority can demand it be shut down. A year in crypto can change a lot. 2-3 can change everything.

Wait til Lightning Network comes into the picture!

Keywords:  DEX Aggregators, MN layers, custodial nodes services (CNS), Trust Aggregator Services (TAS)


Any of the master-node-block-chain models can build communication layers.
All of the established MN chains with active devs should do this.

DASH
PIVX
BLOCK
Wagerr
Divi
(all of them)

This allows for the DEX Aggregator service which can run on a broker/dealer model.  Arbitration and Risk management dependent on each node/bridge running their own black/white list for inter-trade.  Just bots talking to each other more less but running thru these masternode chains.  (1000s of mini https://coinswitch.co/)

As a buyer you will still need to trust on of the nodes to "swap" your bid.

DASH or BLOCK or etc. communities would also provide Trust Aggregator services.  So yet another layer MN can elect to run or not.

DASH or BLOCK or etc. communities would also provide bond and arbitration service.  So if you want to be a broker/dealer node, then buy insurance (DASH coin) pledge it to a multisig DASH commission/council.  If there is an "incident" then there would be funds on deposit as insurance.



 

I think 2020 will still belong to a centralized exchanger. Decentralization of exchangers may be good but if we look at transaction volumes that are still inferior to centralized exchangers, then I think transactions on the crypto market will still be dominated by centralized exchangers. With great liquidity, investors will be more interested in making transactions in centralized exchangers

It is difficult to shift the dominance of centralized exchangers with DEX because the UI is more friendly to its customers. There are many factors why centralized exchangers are more desirable, one of which is easy to use and also a greater liquidity factor.

This is what I have been anticipating, at least for the sake of our privacy. Sometimes, I just find it hard to give out my personal information on centralized exchanges, because you never can tell, even if they do not sell those details out by themselves, their system can be hacked.

My answer is no and will remain the same, dex exchanges are only good for one thing, security, every other things they perform worse than centralized exchanges, lack if liquidity and volumes oh and they are full of shitcoins as well

I don't see how much better CEXs can get. On the other hand, DEXs have plenty of room to evolve.

You and me both. I guess the true diehards can buy Monero with cash :D

If I sat here and tried to count every centralized exchange that's been hacked this year alone, I'd be here for awhile.
I think a lot of people use CEXs not out of trust, but because they have no other choice.
DEXs will catch up. Liquidity and speed will certainly be addressed.

I just don't trust CEXs

Immutability is the key word here. Once there is a DEX truly immune to outside interference that is fast and with good volume, they will really take off.

Many centralized exchanges has a good volume that's why many are staying on their side and as for the other DEX, many of them too doesn't have a good volume so that's why traders are wanting to get into those centralized exchanges with volume which their coins are listed.
Binance is a centralized exchange and they've built the confidence from the people and the incident that happened of them with hacking, they've refunded those who are affected but not every exchange can do this.

The decision to trade on a decentralized or centralized exchange depends on you and your investment needs. With the current conditions of a decentralized exchange, it is not possible to say that one is "better" than the other. New entrants, for example, will struggle with inhospitable users and lack of customer support from DEXs while experienced blockchain investors who prefer not to trade on a centralized exchange because of security concerns prefer decentralized alternatives.

What if Binance suffers another hack that's worse than the last one they had and they can't pay everyone back?

What if there was a DEX that you could download like an app and it was really easy to use?

Centralized exchanges has the liquidity every trader craves for. Also, there's the flexibility of trade against different pairs of choice to any trader which isn't found in Dex. I prefer CEX to Dex.

Out of all those exchanges you mentioned, I only recognise the name of two exchanges there which is switchedo and Idex but even Idex has enforced KYC in their exchange, but I can mention 19 centralised exchanges and 80% of people reading this thread would recognise their names, the point I am trying to make is that centralised exchanges are still king and I don't see that changing anytime soon unless something really bad happens.

I think if the exchange developer wants to freeze the assets that we have, then DEX with the Exchange can still do the same thing. Because DEX must also make a deposit before making an exchange. So, we use this exchange only based on the trusted in exchanges.

Decentralized exchanges are still the best of them all to use and the reason why we all keep our money in CEX or use them is still because of the irrelevant volume on dex exchanges, because no one wants to keep their fund in a place where they will not be able to get their transaction done fast and in a conducive way which is still the power that big centralized exchanges have over dex exchanges.

I sure believe that many people will be willing to use a decentralized exchange whom even have more secured platform than that of centralized exchange if they can have the volume that is needed for it. I wish that these dex exchanges that you listed here could actually try their possible best to just ensure that 2020 is really their year because enough is actually enough of these cex exchanges.

If a DEX has backdoors that some central authority can use to change infrastructural rules, it's not a true DEX
A true DEX, once launched, cannot be altered or shut down.

CEXs could win their fair share of battles, but DEXs will win the war. They already win in terms of privacy and security. Soon enough, volume and speed will be comparable enough to make them a real contender.
I strongly believe Stakenet has the best potential to redefine everything people have been saying about DEXs in this thread.

Dex has no market makers since they are decentralized. Other centralized such as binance have a market makers to provide liquidity and volume to there exchange 24/7. Its impossible for a DEX to have a sustainable volume. Most probably. The majority of the volume of centralized exchange was fake so its not good to compared them to DEX.

If you think DEXs are slow, look at how fast Lighting Network atomic swaps are.
Here's Stakenet performing instant Lighting swaps between LTC/XSN on a pure, full-blooded DEX  ;D
https://www.youtube.com/watch?v=yLq7xIjf_hc
It's really cool!

It depends on the centralized exchange build the trust for the users, many centralized exchange problem is they can't build trust for their customer then people always thing the exchange manipulate volume, it can be down anytime and never comeback.
Centralized exchange should reduce people's stigma just because some of those centralized exchange doing bad. There are still some of them that is good and treat their customer good.
So i think, if centralized exchange want to survive they have to build loyal customers and make sure their service is good and keep the people money safe.

For dex to become the future, we are still the one to determine it and like you said here, it depends on the level of trust that we have for them. Actually, dex exchanges has been a trustworthy platform as we all know that it is even difficult for hackers to go through it, but because there is an ownership of centralized exchanges, they are using the hype they can create to actually step on dexes and diverting the attention of people from it, so people don’t even use dex exchanges or us to even try them first and see how they will perform.

The whole thing will start from us first, we should encourage dexes by visiting the platform to at least try one or two trades and transactions, if we can do that, I am sure that majority of us would love what we actually see, and by doing so too, they will gradually get the popularity and the volume that is needed to drive the exchange forward.

IDEX is not dex anymore. They ask KYC. Cheeky bastards. Their website is false and misleading. They have nothing to do with being decentralised yet they claim they are.

I agree that central exchanges have lost their legitimacy. All the so called EX exchanges that ask KYC and are central are the one that get hacked all the time it would seem.

I will stick to DEX as i always have and protect my privacy.

Dexs are not capable to be the leading exchanges in future because they lack liquidity and good volumes, Dexs exchanges are far from cex capabilities

When talking about the true DEX, there is no need to debate, of course what we are arguing about is not true DEX.

I agree to the fact that Dexes will definitely dominate the crypto market provided the fact that they come up with easy and modern looking interface and fast transactions alongwith security if dexes do not come up with all these features i think next form of exchanges that can succeed big time would be instant swap exchanges.

I agree that DEX has lots of advantages to protect users, keep users use their own private key but there are lots of disadvantages of DEX. First, if DEX is hacked then who would protect you. Second, there are no trading volume on DEX and scam project can be listed easily. Third, i believe no government will approve a DEX exchange and this may lead to DEX exchange crash in the future. So, for these reasons, i am out for DEX.

I doubt if switcheo is a dex because it works like changelly or shapeshift, to say the truth dex are not better than centralised exchange in some area like volume and liquidity, the only thing dex do best is security

Doesn't best security win in the long run though?

If this are the exchanges that want to rival the centralized exchanges, then 2020 is not the year.

Idex is now centralized /decentralized
While waves isn't dominant and frankly i prefer forkdelta to the other listed dexes.

In as much as you said the truth, yet I think it will be difficult to achieve. Even with the vulnerability of centralized exchanges, more and more users keeps going for them, the big question is why? The answer is, centralized exchanges offer a more user-friendly system where it is easy to navigate etc. It also offer more trading tools unlike it's counterpart; in addition is, they have huge volume of which everyone knows that volume matter alot in any exchange. On the other hand, decentralized exchanges offer more security but lacks the features found in centralized exchanges. Therefore I think, until decentralized exchanges steps up their game they will still be lagging behind.

Common, it's 2020 already and I am yet to see any signal on whether DEXes have what it takes to take over. As far as I know, a lot of coins are mainly looking forward to listing on Centralized exchanges, except in a case where they are not ready for that. The urge to go for decentralized exchanges came then, because of the rate at which centralized exchanges were being hacked.

However, with time, which might not be now, DEXws will start getting the needed attention.

At least they called them decentralized so we can include them in the DEX market,... I know there are countries that are barred from accessing the site so that alone would tell they aren't... however, there is no another DEX right now that we can see has gained a good volume which we can use as a barometer for the future of DEX, so with the absence of it, I would not expect they'll be bigger this year.

It would be a false claim by saying centralized exchange volumes are irrelevant because honestly over half of the entire trading volumes combined are from centralized exchange, Dex still have few problems that centralized exchange offers the perfect solution, for me its a NO, dex still have some catching up to do

I think the concepts were so attractive even when I joined crypto,,, to use crypto the way it was meant to be, all yours, without ever giving it away to someone else.

But the problem was probably that all the ICOs ruined people. Flooded the market with tokens nobody wanted and DEXes became the unwanted dumping grounds for all of them.

Now everybody is all about DeFi instead of Dex too. Such a big shame!

The problem affecting dex is not even one, apart from lack of trading volumes all Dex sucks, their platform interface can be very confusing to use, I can very much tell you guys that I find it very hard to use dex to trade, the only thing dex did best is security of funds

but not all dex have a good trading volume and if im not mistaken trading volume also depend on the coin ? not all dex'es sucks but some are useful too like for example i used forkdelta and etherdelta before when the state of airdrops are still good because this is the only exchange that accepts ico tokens . ico tokens mainly stick on dex'es and rare to find or to be listed on centralized exchanges  . being confuse is only at first , like me i was lost before on etherdelta but i dont give up about learning it and thankfully i now know how to trade there . you can too  .

You have a good point but investors and traders are more accustomed to trading on a centralized exchange, if there is at least one decentralized exchange that has become popular people will start using these decentralized exchange, on centralized exchange, they cater to almost all coins with different algo as long as they have a listing fee.

Dex is becoming very popular there is no doubt about it but it needs to go a long way still. A centralized exchange is still very much popular and they provide better service than dex but in case of security, dex is the best. I think people always not looking for only security they also look for service and support and i think that's where CEX beat DEX.

Yes, it is very true, because I myself have experienced the same thing as you say, there are some DEX exchanges that I find difficult to understand when I use them, and safety issues must also be considered, because I have also experienced the loss of tokens on a DEX exchange.

We just launched our new DEX, can have any ethereum token listed - https://nikacoin.github.io/home/#/exchange/0x6781a0f84c7e9e846dcb84a9a5bd49333067b104

It's all a matter of time you know when Decentralized Exchanges take over Centralized Exchanges. The reasons are pretty simple you know, the fees that are being charged by most CEX are way too high. Also, you have to submit proof of identity and all of that but with DEX you don't do any of these yet you get to make your transactions smooth and swift.

There's a lot of projects as you posted it on OP but they haven't proven anything yet,.. true some of them were good during the bull run but they struggle after the bull run so it's hard to say this year belongs to them when aren't seeing any signs yet that they'll be big.

We can hope but we can't guarantee, real talk.

It will really take a while before Decentralized Exchanges or Dexs overtakes centralized exchanges. Just compare the volumes in both types of exchanges, you will see the difference is so huge. Also compare the speed of the platform, you will also notice the difference, trading tools  too aren't to be left out among others. All these are what makes the centralized exchanges better than the other type. Nevertheless, in terms of security, Dexs always leads the way, as it proves to more secure. Therefore it is right to say, for Dexs to overtake centralized exchanges they need to work on various things which are very important.

There's plenty of DEX's to choose from when trading and Binance and Forkdelta are two of the most popular but they still predominantly remain low in liquidity however this may change if more KYC/AML is put into place at the centralized exchanges

well, I think the place where the exchange is still standing is IDEX and that place of exchange also has very little trading volume, so I think the place of exchange with the decentralized exchange platform is not used much anymore.

When DEX has liquidity issue and we are still having many projects developing DEX to add to an already existing projects. This is very funny and I do not think DEX could be in any way better than the CEX platforms. I understand people are always fearful of losing their coin on exchange platform due to attack but if we consider reliability, you will agree with me that CEX is better. CEX even give alternatives because not all of them is good but I have not seen any DEX that does not have liquidity issue even the old ones like etherdelta are not left out.

Yes, for the DEX exchange that is often used by many people is Binancedex and Forkdelta, because both are equally easy to understand and run by everyone, but regarding security I think it is still safer than Binancedex than Forkdelta.

I think the answer is no, until now I haven't found a reason to stop using centralized exchanges and switch to DEX. It seems that DEX lovers have exaggerated the risks of CEXs, and for me the top centralized exchanges are still very safe.

CEX still have more trust than DEX traders still willing to provide KYC when using CEX as they are willing to store money even in a huge amount
they are relying with how the securities from the exchange teams will take care of their assets.
There's no accurate reports that DEX already overrun CEX both volumes and participants.

I think no. I would like to say that 2020 will belong to decentralized exchanges, but look at what is happening in the world.
The cryptocurrency is gradually becoming regulated, anonymous coins are being removed from various kinds of crypto exchanges.
I doubt that a decentralized exchange will be greatly developed because most of the capital of people is stored on centralized exchanges, and so far it will be so.

decentralized exchanges are extremely inconvenient to use and they do not have as much trading volume as normal traders need. centralized exchanges seized power in this market. they have a very big influence and they will never give up their piece of the pie. decentralized exchanges will be used only by a very small number of people.

From all these decentralized exchanges you listed I think the mostly used is Idex, I stand to be corrected; the reason is because Idex have good volume when compared to others. Most projects tends to start from Idex before moving up to other centralized exchanges, why? Because even the project in question is after volume too. So that is to say, volume matters in exchanges. Secondly, yes centralized exchanges aren't good with fund security but that can be curtailed by keeping funds outside the exchange. Lastly am supporting the fact that centralized exchanges are better and therefore we don't need decentralized exchanges, No, my point Is, decentralized exchanges needs more improvement.

in cryptocurrency  market expansion which is need more high liquidity, centralized exchanges will be solution for it. moreover as you said, bitcoin and crypto started regulated in many countries so investors shall not worry about their money or identity. except they use legal money that used for money laundying. decentralized exchanges just be an alternative while coins not listed yet in centralized market that have high trading volume.

I half-way agree. We created a DEX that acts like a a centralized exchange but there's just so much regulatory pressure on cryptocurrency.  And even our DEX, however advanced it is still has a way to go.

And you believe the market will be like this forever? Don't kid yourself. Once DEX's get's up the same speed as CEX's, you'll see a HUGE amount of people switching for obvious reasons (safety), once liquidity builds up, there is no looking back really.

I see Blocknet as the industry leader still, first DEX to hit the markets.

More and more regulations come plus exchanges are pushed to require KYC from every customer which requires a lot of work and that is connected with high costs to maintain it. So I believe that DEX could reduce these costs.

I doubt that its the time of the DEXs yet. Binance is still superior and many people favoring Binance over a DEX, which is stupid on the one hand since a DEX is much safer then a centralized exchange like Binance. I personally prefer to trade on DEXs like IDEX or Bithumb. I hope many more people will follow.

I think loads of DEX are coming up, not really because they exist in their different blockchains but there is a campaign for more of decentralization in the exchange business. People consider this a way of breaking out of the centralized exchanges and also make money from the process. Again, people are tired of the stress attached to KYC and also not comfortable with the fact that their data/information keeps flying everywhere.

Dex will be playing an important role in this case but not so many exchange sites have declared since last year to give responsibility to the users to complete KYC verification Dex can avoid the regulation but that will help you in short time to pending the regulation for the identity collection by exchange site.

Still with trust concerned, Dex might help if they can maintained the numbers of users that will support them and use them for liquidity, most of the time traders are continuously support Centralized exchange even there's KYC requirements to ensure the volumes and trading activities are enough to facilitate.
It's still a question whether changes will take place within the principles and believes by the traders choosing between this kinds of exchange business.

Nice suggestions, but I tend to differ, I think 2020 belongs to the exchanges who are willing to work for it, the exchanges which are willing to improve on their services, features etc. Whether decentralized exchanges or centralized exchanges the matter is, let there is convenient and reliable exchanges which can satisfy users needs be Ir trading or otherwise. Am not saying decentralized exchanges shouldn't be considered but let there be improvements which will make trading worth it; look out how centralized exchanges are improving, let decentralized exchanges do same and there will be a healthy competition. 

For low transaction fee decentralized exchange could frozen you favorite tokens, I faced this problem I'm Idex exchange. Dex can't popular because of rest of the coin. Centralized is secure and trust even after hack they refund your money as did Binance. For this reason users voluntarily send their fund to centralized exchange. Limited belong to Dex this year.

Still not.
I like dex but like the majority sentiment, the volume is very low and it can't sustain the traders need. But in all summary, DEXs are good until they become semi-centralized.  :-\
If you know what I mean.

2020 will be the moment for centralized exchanges. investors start buying cryptocurrency here, mostly in centralized exchanges it have good coins. meanwhile in dex exchanges only contain smart contract projects like token in eth platform. buying coins that have own blockchain more promising in future than buying token. i am sure capitalization in centralized exc will growth sharply.

Nika is the first exchange that is 100% decentralized but acts as a centralized exchange. It is the only exchange capable of solving the liquidity crisis for all small ethereum tokens.

https://nikacoin.github.io/home/#/exchange/0xf7F14205898b2b8bC008148E591B1060BE7a50Fb

Come take a look and trade here.

yes 2020 will definitely be the year of the dex I use forkdelta and bithumb in combination with binance and I am very happy, I would take off idex from the list of dex since it now requires kyc I would say that it is a hybrid exchange...

It's not the first dex who acts like centralized exchange site. Binance dex is the first one who is operating very similarly to the centralized exchange site. If you are making a comparison between both of this dex and you will know the difference. Even binance dex that was having very big popularity is having really small volume right now.
nika doesn't have volume and kyber is the only ethereum dex is solving this problem and you must know the differences.
There was only one exchange site who has been getting more and more volume and that's only kyber dex.

My answer is NO, decentralized exchange platforms are still behind on the most centralized exchange platforms that currently exist today, in almost aspect like in terms of volume and number of users, I don't know why most of the big traders are not using DEX and instead, they continue to use the centralized exchange like Binance, BitMex, Okex, etc. But I believe that traders need more time to adopt the Decentralized exchange but not in 2020.

So many in crypto appear to be more skeptical of privacy coins and DEXs than the government is.
Monero is legal in the US. Bitcoin tumblers are legal there too unless, apparently, you directly advertise money laundering services to everyone on AlphaBay and the deep web like Helix did. Governments pull 180s on their stance every 2 seconds. They don't want to promote it and harm their fiat currency but they don't want to crack down on it and get left behind by the rest of the world if it really does become a burgeoning industry.

How would they even begin to crack down on a purely decentralized exchange that couldn't possibly exist as a registered business that no one owns? Punishing whoever gets caught? Utilizing propaganda to trick the masses into thinking crypto is a den of thieves and vipers? The only leverage that governments have here is the type that will backfire on them miserably. Maybe not immediately, but inevitably.

We may see potentially bad regulation in various pockets of the world. India already banned it and unbanned it. China has at least 5 times. Gradually, I think they will admit defeat and warm up.

CEX is doing very well as expected with most but investors seek a better adoption of DEX. The removal of anonymity by some DEX had been discouraging on use but the security is still attractive to some users. The obvious ability to contain wash trading to the minimal encourage the use of data both coin and exchanges. I desire the adoption of IEO on decentralized exchanges, where anonymity is still allowed to encourage investors that still insist on keeping there presence confidential in the space.

DEXs are more secure than centralised exchanges, but traders and investors not using more due to low volume, low price and low buyers and prefer centralized due to fast conversion and the significant amount can make a good profit then the small volume of altcoins. So I think DEXs are using 10% by users, but 90% of users are using centralized exchanges.

Obviously not.

The vast majority of decentralized exchange platforms are clunky messes. Have you ever actually tried to trade regularly on a DEX? It's an absolute nightmare.

Unless professional traders can be provided with the liquidity and advanced order types they have come to expect from centralized platforms, then there's no chance they're going to make the switch.

Think about it, even some of the largest centralized exchanges can't even keep up with the sudden burst in demand sometimes, DEX's will get absolutely ruined during these times.

Not even close to seeing a real mainstream DEX yet.

people are familiar with CEX and it is quite easy to use. different from Dex that required sharing your private key to an unknown/known websites. i personally prefer CEX to Dex because i think my private keys are not save with the DEX. the centralized exchanges charges for trading and i think that is the only charges avaliable on the cex while Dex charges for each activity that occur on the platform. from transfer of token to trading.   

True, the average large investor now uses CEX as their investment or trade because there is very safe compared to DEX in my opinion, often a decentralized exchange of many scams or undercover sites making it difficult to imagine if our private key to the hands of others is really dangerous for me .
CEX is a safe exchange with data stored according to the rules there so I think CEX will be more and more interested.

Once upon a time forkdelta used to be the best, I was able to sell some tokens on forkdelta and they are never listed anywhere else, it's a shame that the exchange is never the same any more, now it's more like a dead exchange with no volumes

Stakenet will be the superior one to all of them once they release their Lightning DEX.

Here's a pic of it.

https://i.imgur.com/5s0X5Y5.png

Agreed. From my interactions with the greater crypto community, a lot of people don't seem to realize how capable DEXs are.

Hey Greatchu, XSN will have full ETH token support soon  ;D

Everyone is claiming that DeX are more secured than centralized exchanges but it feels the same to me, haven't you guys heard about few DEXs that got hacked?

I'm not sure investors or speculators really care to be honest. Everyone I know who isn't a real crypto user (as in, they only hold and never actually use crypto like p2p), they actually even prefer to use CEX. They want someone to talk to when something goes wrong. They actually WANT to trust a company. Binance and all the CEXs, not some platform they don't get. Sad but true.

Centralized exchangers in my opinion will still continue to be in demand and be used by investors. Liquidity factors and large transaction volumes attract investors and this is different from DEX which sometimes has a bid and ask price spread that is too wide, making it difficult for investors to get the best price.

Although I only know and have used just a few number of DEXs here, but I won't fail to say that DEXs is still way behind starting with the prominent issue which is low volume especially when it is compared to centralized exchanges. It is totally true that Decentralized exchanges gives more sense of security but crypto users are willing to trade that security for high volume on centralized exchanges, that is to show how important it is. Therefore in my own understanding, DEXs needs to do more to gain the attention of more users starting with volume and maybe user interface.

i prefer the CEX because they are simple and easy to use and interact with. i don't like the Dex because they charges on everything that happens on the platform. from depositing to withdrawing involves charges.  the interface of the cex are very friendly and easy to understand. the DEX requires a lot of practise before you master the usages.  i have loose lot of tokens to the DEX.

I agree with you completely regarding DEX. But you need to strive for a complete transition to the principles of trading on DEX. I still do not like the very low level of liquidity for these types of exchanges.

DEXs still have too low volume unfortunately

If a DEX had really high volume
And you just had to send crypto to a wallet (no kyc or registering)
Would you use that DEX?

Not all the people prefer decentralisation, as I see. Many of them would like to use centralised services like banks or brokers etc. They don't want to control their accounts and funds by themselves. For example hundreds of people are losing their private keys and doesn't understand that MEW support can't help them in this case :)

well, I totally agree with what you say because right now there are a lot of decentralized wallets that have a lot of problems, I won't use that method, it's better if I use another wallet storage method that I think can be safer like a hardware wallet that I can store and control. fully.

DEXs and DeFi should only become more relevant as they could greatly enhance what people can do from home.

I am thinking if crypto survive this disaster and if yes, then there will not be a place for many cprytocurrencies, so decentralized exchanges would be useful. Especially, when you can trade only assets on the one blockchain. Ethereum DEX - only for ERC-20 tokens, Binance DEX only for BEP-20 tokens.  ::)

When it comes to cryptocurrency exchange, i don't think decentralized exchange will take the lead any time soon. In as much as decentralized exchange gives the consensual power to traders, they ain't immune to hack and breaches entirely. Records have DEX that have been breach many times too.  Due to flexibility and wide range of functionality being provided by centralized exchanges  for effective crypto trading, they have gather lots of userbase and large volumes and liquidity over the years, from where the entire crypto market stands, i dont see DEX beating that

Its not really that much complicated to understand when it comes to basics.Talking about decentralized wallets? its no different when you do own one which you do able to posses its keys for you to access funds.
It might be nothing usual for some newbies or in short not user friendly but it isnt really that hard to understand.The main thing i do saw why people do prefer centralized exchangers over dex ones is because they
can deal up with fiat tx not like on dex which is purely  on crypto to crypto thats why we dont have any choice but to rely on cex ones due to this reason.


When it comes to liquidity or volume then nothing beats out CEX out of the throne and as i said earlier this do particularly connects with fiat transactions which isnt present on dex ones.
Thats why even we know that these centralized exchangers doesnt offer out full access on our wallets but the main need of a certain trader is on this place thats why
its no surprise that they will surely stick to this.

This is more reason centralized exchanges will continue to be relevant. Yes, DEXes may find a place of its own relevance, but it is limited.
Then talking about you possessing a private key to a decentralized wallet. What do you think should be said about what happened to FolkDelta before its death. Well, that notwithstanding, irrespective of whatever might have happened to some of the few DEXes, I think the best security still lies there.

Stakenet's approach of using MNs and Lightning is decently airtight and straightforward. I believe it will redefine how DEXs are seen.


There is a solution for DEXs that will greatly beef up their liquidity and let them match or even exceed the volume a CEX can handle.

If Bitcoin goes lower.. How long could centralized exchanges stay open?

It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.  ;D
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.

Exactly, because DEX does not belong to this year, people would be trading more on centralized than in DEX since most of the coins created now are coming from IEO and they'll right away traded in a centralized exchange, and of course the biggest volume are coming from the old coins that are already listed in big exchanges.

Last bull run, there was a demand on DEX, probably we need another bull run to see that demand again.

When I'm talking about the 2020s, I'm talking about the entire decade.
Maybe I will be wrong here, but I think DEXs could overtake CEXs by the mid-2020s so long as the fast-paced development speed keeps up.

Vitalik agrees
https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FiDxyGXy.png&t=611&c=YMl_CXXpMhBIaw

It will not be dex who will replace CEX but SWAP has a big possibility to replace CEX in the future consider it has a better fundamental rather than DEX. As far as i know, if there was a lot of platforms have already tried to adopt SWAP system.

Decentralized exchanges surely have a good use case to present to the crypto community but one thing that i have realized among them is the slow performance on most of them. Investors and traders would still prefer to use Centralized exchanges if they can trade without any hitches on some of these decentralized exchanges. Ethershift is one of the upcoming exchanges which i think has a great future in the coming years.

ethershift ? that sounds good and is this related to eth  ? so means its a decentralized type of exchange   . there are many good decentralized exchanges that constantly appearing  and becoming succesful too  but centralized exchanges are more powerful and being prefered by many people  . and what do you mean by slow ?  laggy  ?  or you mean slow on trade transaction  .   i never experienced any delays before upon using a decentralized exchange but i admit that etherdelta is verry laggy , thats why i use forkdelta as an alternative as its lighter and faster  .

Entire decade or entire year?

I am confident that you will be wrong, sorry, I just can't see DEX will grow under this current situation, and the market is still bearish until now .
This covid pandemic might help the crypto market but those coins only with high liquidity and speaking of high liquidity, it only happen in centralized exchange.

Decade - as in, 2022, 2025, 2028, etc. Longer projections. The decade is very young and DEXs are finally becoming polished enough to be usable on a mass-scale.

Binance is leading the adoption adn they are releasing cards this time, its making this market more centralized even with all the claims being decentralized. The only left for DEX to be part of the option for the people to go to when their coins are not listed on big exchanges.  DEX can help coins still be listed in the market though, at least the coins are not going to die. Instantly.

There are some features maybe that it looks decentralized but in general sense its still called a centralized exchange.
It's the reason why Binance DEX was not a success because it's not what people are expecting, with influence that their centralized exchange are having a volumes of billions per day, their DEX can easily get at least $1 million trading volume but it's not happening because people does not like it.

That's it, unfortunately, we don't want to see that as we want DEX to grow.

Tokens registered in DEX such as Forkdelta are automatically registered there by entering the smart contract itself, but for Binance DEX or IDEX they are still centralized because tokens still have approval to register with the owner's , and of course if you want to be truly decentralized let the market act alone

I think NO because to be honest there not much development going on related to decentralized exchanges and at the same time there is no real adoption i mean there is not a lot of users that either like or use Dexes regularly so i think centralized exchanges will dominate for few more years before dexes come up with a revolutionary compliance with excellent userface and multiple options with smooth transactions.

Instant one-click BTC/LTC swaps on Lightning Network!

https://www.youtube.com/watch?v=wSNFhFBKmsc

Fast and seamless. This is a big step forward for DEXs! ;D ;D ;D ;D ;D

Certainly not for 2021 as well. But time will come when we all need the privacy to escape the IRS because the centralize exchanges had hand out our data to them. I'm still one of the people who kept my anonymity from the exchanges though I have submitted to a number of them. I only use them when there is really the need to, I still trading on dex since bitshares had started.

Right now there are dex that has a ton of volume already particularly the https://newdex.io/

I'm more concerned with exchanges that are capable of freezing wallets and withdrawals.

Thoughts?
https://i.imgur.com/a2g3Muu.png

Even though some DEX exchanges have a private key import function, they already have the best reputation, such as IDEX MARKET.
Yes. Although I don't believe 100% that they don't back up a private key, in reality our coins are safe in DEX exchange.
Apart from that, the current DEX exchange does not only rely on importing private keys, but can be accessed through extensions metamask or hardware wallets.

Yes I believe that in future many will embrace dex over centralized exchanges, right now the problem is many haven't really understand the usefulness of dex that's why Centralized exchanges took over with better volume and liquidity but things will change in future

I think that 2020 is a dex trend because a lot of dex has sprung up, for example Lisk's desk https://ldex.exchange/, I think in the future other blockchain platforms that are developing their platforms like Lisk will create desks as well.

Dex will have a big role to play for those who wants to stay hidden from Centralized exchanges and the govs but to say the truth dex lacks in some areas, lack of volume and liquidity and the security isn't 100% safe like some claimed

I believe we're closer to full-fledged DEXs than most in crypto would expect us to be.

Here's an example. Stakenet Vortex is capable of pulling orders directly off of Binance now. This is a DEX. It can access multiple orderbooks from other CEXs and DEXs and do so immediately.
https://www.youtube.com/watch?v=TsHE2rqIH9A

2020 is the year of DEFI, not DEXs, it looks like 2021 DEX will become a HYPE like DEfi this year,
make sure you accumulate DEX project coins

DEX=DEFI
A decentralized exchange is the definition of decentralized finance.

This liquidity problem also does not only occur in DEX, but also in some Cex exchanges, so this can also make it difficult for CEX users in general, although if we look at it thoroughly, it is clear that DEX is much more problematic with liquidity than on exchanges CEX.

Since the bitcoin surge way back 2017 and the sudden burst of smart contract ICO DEX have become number one go-to if a traders want to unload his portfolio but the unstable network and congestion that leads to a delay of transaction for almost a day makes them return to a centralized exchange.

I doubt if dex owns the future, centralized exchanges will continue to have upper hands unless whales and traders stop using centralized exchanges and move to DEX, security wise dex is better but volume and liquidity centralized triumph

Another video of Stakenet DEX pulling orders off of Binance in real-time with Vortex aggregator  ;D ;D
https://old.reddit.com/r/CryptoCurrency/comments/hj62vu/another_video_of_the_lightning_dex_and_the/

1.) Deposit BTC
2.) Lightning swap - permissionlessly - into XSN on Stakenet DEX
3.) Send to Ledger for cold storage
https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FeQ5A7x8.jpg&t=614&c=P0Zuf-zfZGkXMg
Decentralized P2P tools are getting smart.  ;D

What are the points you wrote for ? whether by following these points everyone will benefit, or even add to the loss ? I ask for an explanation from you so that I do not feel curious about what you write.

I was using Dex exchange when Idex launched but then after they started limiting minimum trade for takers and Sellers . It is not good as etherdelta as it used to be in past . I dint find similar decentrelized exchange . Even forkdelta also not upto mark . Switcheo is good where we can trade multiple smart contraccts Ethereum , Neo and others . I like that . I used for some time.

Typically, I must first find an exchange, register an account, deposit my Bitcoin in a wallet that I could potentially lose, and hope that the exchange either doesn't go down or freeze withdrawals for x amount of time.
Centralized exchanges are like a massive roadblock in what would otherwise be a 20-lane highway and make the trade of Bitcoin into many alts permissioned. KYC is also creeping in.

What's notable about the picture I posted above? For one, I deposited Bitcoin not to an exchange wallets, but my own private one. Through Lightning channels, I connected to a DEX that allows for permissionless trade and found someone selling a certain amount of XSN for so much in BTC. I filled their sell orders and, in doing so, executed a direct, immediate P2P Lightning swap - exchanging my BTC for his XSN. We both got what we wanted.
It emphasizes the exchange as a meeting place for P2P trade more than a middleman that calls the shots and keeps the gates.
It is also capable of aggregating orders from multiple CEXs.  ;D

It is a good glimpse into the future where people have far more control over their funds than they had before.

I think IDEX still looks good and crowded. although some updates in the past have created controversies such as account creation and KYC. because we have always believed that ED and FK do not need such a system.

I remembered during 2017 wherein etherdelta was really a popular dex until the scam incident happened. That time, I wasn`t able to fund my wallet because I have really know idea in cryptocurrency. However, because of that incident I was shocked because crypto still has its weakness. We can`t say but I am really more confident to trade in CEX even there is a highest withdrawal fee and trading fee. I always follow the liquidity and security of my assets.

Accounts and KYC need to be actively enforced somewhere along the line.

You're more than welcome to join in on a Stakenet DEX beta test. They just had a community test for BTC/LTC/XSN LN swaps yesterday. It went very well.

I don’t really think it has anything to do with which one came first just like some people have commented here. And if you ask me, I would say that decentralized exchanges came first before centralized exchanges. The thing is that people usually go with things they are convenient with, and centralized exchanges usually offers more features and ease of use than the exchanges that are decentralized. Even in terms of look, they have better interface than DEX. And the fact that they are secure as well is one other thing that pushes traders towards making use of these exchanges.

I am not thinking that altcoins will be having a boom like how it has done in 2017/2018. I mean we are not having ICOs any more as devs are now preferring only IEOs so listing of their coins are happening within their exchange and I guess only binance among them is having their own DEX as well. So, there cannot be boom for DEX most likely any time soon.

Binance DEX isn't a DEX

Can't judge the whole dex market just because one website though it should be a really precious experience for us not to put too much trust even on a dex exchange which promises security.
I personally still uses dex only for dealing small amount of tokens simply because I just don't really feel comfortable trading in there hopefully it will change in the future.

that problem has already solved and only the dex that is based on the US that implements the KYC verification. Idex is still even giving a daily limit for the new account that is not yet doing verification too.

I'd call it a yes. More than 50% of my total transaction in 2020 took place on DEX. It do depend on the preference of each traders but DEX are not the most comfortable and cheaper ways to transact between tokens of same coin platform. Thanks to the rise of dapps, dex have rose in popularity. The only place where the DEX fails is inter chain transfer. If we could devise an easier way to make cross platform transaction on dex, they'll rule.

Cool. Most of the tx I did this year were from Lightning swaps done on Stakenet DEX. Not quite 50% like you, but close!
https://i.imgur.com/TAaQhnP.png

DEX volume has grown a lot since this thread was created in October 2019.   :o
https://static.coindesk.com/wp-content/uploads/2020/07/dex-vol-chart-1-710x458.png

Yes and it has grown even more the last few months thanks to Uniswap. Unfortunetly you can not buy anything else then ETH tokens on it. Would be nice to have everything in one place sometime in the future. Once that happens, then crypto is golden.

If current things can work well at Uniswap, then it is not impossible that in the future we will be able to have everything in one place through developments that can be carried out by Uniswap itself.

2020 is not the year of DEX.

This year is the year of Decentralized Finance projects and also those Uniswaps which are becoming popular.

Sadly, we thought that this year many will focus on dex's but it's not. Maybe 2021 is the year where people will be serious about dex.

You'll get that with Stakenet's 2nd layer DEX.

They've integrated their own native token: XSN + BTC + LTC, and is working to integrate ETH and it's many tokens next.

The cool thing about this DEX is that's it's gonna be running on their network of 2000+ masternodes, who will act as payment "routers" between everyone who trades on the platform, they will be compensated in fees for this service.

As this DEX is operating offchain you can transact INSTANTLY, with virtually 0 fees involved compared to traditional onchain fees ($30 in some cases for ETH).

All this, while being able to store your coins in the same dApp and being in complete control of your own private keys at all times.  ;)

Here's a cool video showing how it works:
https://www.youtube.com/watch?v=wSNFhFBKmsc

actually in my opinion this year is the year of dex but this happened because of the influence of uniswap trend and defi trend, so there are lots of new dex that almost appear every day and I don't know why this happens but strangely they are only there to find the shortcomings of uniswap dex and complete it, and everything is always focused there.

i think,DEX has a lack of features compared with big exchanges. based on trader perspective, they need good platform to trade
big centralized exchange gives it and DEX doesnt, so it is reasonable if centralized exchanges get more attention and ofc volume
even they know that centralized is so risky, but they still do

All the DEXs that are on that chart in the pic above have been instrumental in migrating people away from CEXs, especially Uniswap.
No one was expecting this shift so suddenly and you can see that in action by reading through this very thread.
This thread was created before the perception on DEXs changed and it was assumed that Binance and the like would be irreplaceable.

I mentioned Stakenet DEX in the OP. Of all the projects mentioned back then and all the ones that have come about since the DeFi bubble started, the Stakenet team are at the forefront. 1 deposit non-custodial wallets with an L2 swap approach and simple Uniswap UI to eliminate gas fees.
https://i.imgur.com/TyEp0NM.png
As basically every major DEX is exclusively ERC-based, nothing comes close to this. There is a much deeper level of interoperability attained between Bitcoin, Ethereum, and many other LN and ERC compatibles via Lightning and Raiden.

Uniswap is bound by Ethereum's network. If ETH's network is already this congested, it will not fare so well unless it takes an L2 approach. Perhaps it will be ok when ETH 2.0 is rolled out, but even then ETH 2.0 will still benefit from offsetting excess and spam tx.

Uniswap and the DeFi label are catalytic gateways to proper DEXs. Major players in the crypto industry have hopped on the DeFi bandwagon - making cherry-picked 'DeFi lists' and going as far as to back terrible projects (SUSHI) for their own gain instead of backing legitimate projects with strong development track records.

1 year later, I still think Stakenet will do very well.  ;D
What happened to KMD AtomicDEX? That had a lot of promise. Have not heard much from them in awhile.

It should be but things have changed. It's no longer the center for this year.

The Defi have taken over and it became the hot thing to the eyes of everyone except those people that are only watching what will happen to it. Personally, I didn't invest on any defi and didn't see myself to have any interest on it.

Things are focused on Uniswaps and Defi and even the centralized exchanges like Binance are into the defi mania.

Uniswaps fees are ridiculous high and Defi hype will not last long as there was a lot of defi projects has turn to scam and make a lot of investors aware of the very high risk they put in the Defi project.

NO because Defi started to Boom just in the middle of the year and look like will die before the end of 2020 so this is not a Dex year.

Obviously this is just a Hype,and not gonna last longer.

Perhaps people have rethought the way they trade. Centralized exchanges they are too profitable and have strict requirements in the crypto listing. People are comfortable with trading on centralized trading platforms, specifically, in August the volume of transactions on Uniswap reached more than 400 million dollars in 1 day. It's better than any centralized exchange because the numbers are real.
These exchanges have liquidity funds and people can use it to make extra profits out of trading.
Trading on DEXs is completely decentralized. Your money is always in your wallet. It is safer than any CEX.

I have Used IDEX , the problem for me was a very high fee in the transaction and to withdraw, also the volume is too low , sometimes the price gap between buyer and seller is too much that when you put your order you need to get back tomorrow to see if it has been done or not!

I have been using the oldest of them all, BitShares DEX since 2016, before it was cool... some weird tokens that were only traded there got me into it... Fees are close to none if you withdraw or deposit via BitShares, but volume has plummeted compared to these overhyped exchanges built on top of ETH.
Now there's a fork called New BitShares riding the hype of decentralized exchanges. What a joke.

I don't think that 2020 or 2021 will be popular for DEX... But I hope that in the future Atomic Swaps technologies will be interesting and attractive for people! And centralized exchanges will just disappear!

DEX technology is too outdated and in my opinion it is no longer good to use so I think there must be better developments so that it looks better and really shows the technology side that has been increasingly developing.

Nowadays, let accept the facts where most of the top exchange in the market are based centralized platform, then almost all DEX platform in terms of volume compared to centralized is very far. In short, the majority of them are outdated already, not good to use in as of the moment in my own perceptions.

A little bit wrong... Although the volumes on DEX are really funny!
The thing is that DEX technologies can't yet offer normal solutions for exchanging between different blockchains... That's why users can't normally exchange e.g. LTC to BTC or LINK to AION...

This indeed is the largest hurdle for dex adoption. I always use dex when exchanging between ETH and ERC tokens and also TRX and TRC tokens but when  I want to do the real trades, I need to move my coins to binance or for spot trading to changelly. DEX are specially good when you are doing spot exchanges while centralized exchange would still excel on bot tradings.

And even if there was a interblockchain swap available the incurring fees would be immensely high just like what the dexes have done to the ethereum network which previously used to be the one of the cheapest networks to transact on. Also using these decentralised exchanges is sometimes a little bit of hectic as they can't handle very large volume of money in a single order whereas the centralized ones have no problem in handling any volume of order whether big or small.

Yes, but in terms of perceptions, everyone has their own views on this, because everyone who uses any platform has personal needs so that someone wants to use the platform and that is independent of other things such as convenience and features supporters.

At this point of the year I think it wasn't a season of Dec and also think that it is not too. O never filled that this year is season of Dex. More I saw that projects that are belong to defi catagory is highly diegested by the people. And still some ieos backed by big exchanges are also highly acceptable. Rather than very few projects are selected by the people. And yes at this moment some big exchanges push their own token a bit. But yeah the all over market is in very good condition. That's it.

This post dident age well!!
"Dex declining volume" LOL

With this hurdle CEX still got the majorities of the traders interest. For those who holds new tokens the use of dex are good
but for people who are trading old coins which are not present to this platform they still need the functions of CEX in order
to deal with their trades.
Knowing that not all coins can be trade  thru DEX express that still this year is not for this platform.

I haven't used one and I didn't know that Uniswap fees are that high.

They are boasting to the usefulness and popularity of these Uniswaps but didn't know that fact. The popularity of defi is about to end.

We will know when but as long as those better defi projects will remain, they shall remain. But many joke defi projects, won't.

Take a hike!
Im talking about a post from a member that now turned out to be funny in hindsight.
If you have a problem with humor, then mind your own business.

I am pretty sure that the majority of the trading volume will still be at centralized exchanges in the next years.
Just compare the trading volume of binance with binance dex, it's a multitude higher.
People always say that cryptocurrency is about freedom and decentralisation, but in the end most of them still use CEX's because they are easier to use.
But of course it would be good if more and more people would switch to DEX's instead.

service-wise, Dex does not have a contact service, so we must be more independent in maintaining all the necessary identities. Besides, it is a very simple market display. and in essence, if we want to withdraw funds on DEX we need to use CEX because that is where the cryptocurrency is exchanged for fiat. and Binance for example with such a large number of users also making it more trusted by the public.

Your statement is too wild, seriously centralized exchanges will just disappear?? Binance, OKEx, Bithumb and etc will disappear??
Centralized and decentralized exchanges have advantages and disadvantages of each, Cryptocurrency is decentralized but if talk about exchanges I prefer centralized than decentralized.

I used several centralized or decentralized wallet swap technology. Actually this technology is very useful like this Ethereum situation. Now we can avoid decentralized exchange and swap from Ethereum to other top coins. I would suggest to all users, who are new in this swap technology, transaction rate is always lower than good exchange, you should use exchange for a big amount.

But what about Uniswap, SushiSwap and many other platforms from the sphere of DeFi where it is now possible to change one coin for another in a decentralized way. Their volumes are growing. The daily trading volume on Uniswap has already exceeded $ 500 million. Isn't that enough?

By the way, yes, I would be most interested to know the principle of their trading... Because I have never tried to use them! I understand that they look like an old exchanger from Bancor... Is it possible to exchange different blockchains on these swaps?
Well, about the volumes - I think they will fall when the hype runs out! ;)

Dex has been popular because they thought they were safer since they don't keep the seed address of the wallets but after what happened to Dolomite exchange I wouldn't say that again, Plutus defi was one of the hyped project but Dolomite.io got hacked and $PLT ico was a total disaster, so I prefer safety rather than SEX or DEX .

Liquidity is not a problem with the Stakenet Lightning DEX though.
It will be able to pull liquidity from ANY CEX out there through Liquidity providers. Which means you can access ANY exchange from ONE place, ensuring you'll get the BEST deal for your money, whenever you trade. This is effective for arbitrage over Lightning.  ;D ;D

since i don't use dex I find the names at the op unfamiliar, the only one that is making name to me is uniswap, I find many project using it and people talking about it, but as much as dex are becoming popular they are still no match to cex, the difference is very clear for now.

Some are unfamiliar because they are not associated with the platform itself. ETHERdelta for instance is meant for ERC tokens and WAVES DEX for WAVES Tokens. The list could go on to EOS and TRON platforms which each platform has a preferred DEX. For TRON I think its now the PoloniDEX which previously was just the TRX.Market.  Sooner these platforms will also have a preferred Swapping platform like TRON has the JustSwap.


Dolomite is unheard. It hasn't yet ring a bell but probably did an exit scam. I myself will forget everything for SEX.

I was also surprised how quickly this decentralized exchange became popular and received huge daily trading volumes. First of all, the fact is that anyone can become a liquidity provider and earn money from it. The second factor in the growth of popularity was the use of this exchange by various protocols.
Unfortunately, only tokens of the ERC 20 format can be exchanged on Uniswap, but I have heard that developers are working on the possibility of exchanging coins of various blockchains.

I doubt that 2020 DEX will be able to beat CEX, because based on the data I saw on the coinmarketcap site.
CEX still has a higher volume than DEX, also the number of coins listed on CEX is still more. So CEX is still more
popular and is still widely used by traders, DEX still has a long way to go in order to beat CEX.

Well I personally think these things comes down to personal choice and most people that use CEX equally do use DEX Mostly when a new coin comes into the market it start from DEX or AMM before finally going to CEX and the people that buys that first usually benefit more

I have been using DEX for almost 3 months, I have had no problems so far, although there are some negative news related to DEX too. However CEX is still a priority.

You know Etherdelta was one of the most exoteric and favorable DEX. Most of the exchange is now fully centralized and required KYC, Sometimes KYC is very unpleasant, DEX will be very useful for those who do not like centralized exchange. Dex still has a lot of flaws and is a bit confusing to use. If these shortcomings are solved, people will be more interested in using DEX Network.

Its an old list.  ;D

Stakenet DEX has been working on exactly that. BTC/ETH swaps are working in its test groups. They use layer 2 (Lightning for BTC, Raiden for ETH) and bridging protocols to bypass the high on-chain fees and allow for almost instant tx as opposed to the slow on-chain transfer speeds you get from BTC and more recently ETH.

I used to like IDEX, as well as Etherdelta or forkdelta for day trading. of course, the people on this forum are familiar with the exchange. but currently, I only use Binance DEX for day trading. But it does not last long. I think its popularity is not as popular as it was when a lot of tokens ended up migrating to the Binance blockchain.

But the presence of Uniswap makes a few changes, the way it works is the same as forkdelta so there is an increase in volume for dex, although cex is still far ahead for now, hopefully the dex platform will appear more next time.

As long as Binance has still the biggest volume, I would say still CEXes have the powers, money goes to safe places and if you see some exchange or bank got the bigger money in it you should know it is a safer place than others.

moreover DEX have less fee in each transaction if compared with CEX especially uniswap now. besides trading volume Dex also have another advantages, some of DEX have insurance to cover worst case such as wallet hacking.

idex was good cex exchanges , its take less fee than other cex and also idex have good trading volume.

I don't think that you are right... Trading volumes are far from being an indicator of exchange reliability! The history of cryptocurrencies is full of examples of scam "reliable" exchanges! For example, MtGox, BTC-E... All of them once were reliable...

I guess Dex trading is not as familiar as it used to be, as time goes on most traders are not that interested in DEX exchange for some reason. but now I see UNISWAP rising again, many projects listed on the exchange UNISWAP, including the Defi project.

Well uniswap and gazumped all other decentralized exchanges to an extent and now sushi swap has come in and taking the volume there and so does justswap. Definitely  2020 belongs to Dex.

I don't think Dex trading is as familiar as it used to be, as time goes by most of the traders are not that interested in DEX exchange for some reasons. but now I see UNISWAP going up again, many projects are listed on the UNISWAP stock exchange, including the Defi project.

I know that several development teams are working on such swaps. At the moment, the main problem is the security of such exchanges.
If such a system would work successfully, then these exchanges will be much more popular than Uniswap.

Uniswap brought a new dimension of trade, the ease and the wallet to wallet transfer with the trade. I still beleive many traders still seek their anonymity in this market so bad. If DEX can reduce the transaction fee and develop a multichain platform they could take over from the CEX. ATM with all the successes attained by Defi, all DEX has not achieved that volume trade on Binance alone

i think,centralized exchanges are easier to use, is famous and is regulated to be clean so beginners tend to use it first. Most exchanges don't ask for KYC so you create an account and you can trade. If DEX were to have an easier access too then it would be so convenient to use it. Don't be mistaken, DEX has a lot of potential, they just need more time and attention to at least be on par with centralized exchanges.

Decentralized Exchange was doing well and attracting many users until the hike in gas fee stroke. My trades was cancelled in IDEX because the minimum trade has been increased to 0.5 eth, from 0.15 eth which was the case before the hike. I had to withdraw my tokens and started using centralised exchange because I can't cope with the new regulations.

Unfortunately for DEX platforms the majority of people prefer to sacrifice their anonymity to get fast and cheap trades.


https://media.makeameme.org/created/uh-ok-5ca824.jpg

Lightning Network atomic swaps are very stable now! The success rate for swaps between BTC/LTC/XSN pairs on Stakenet DEX is near-perfect. It took 2 years for it to get there.
For reference, doing LN swaps in October 2018 took a lot of setup, time, and know-how. Even for an expert, it took 30 minutes to demonstrate:
https://www.youtube.com/watch?v=vOjuSurGkLQ
LN swaps a year later, were much more straightforward. Swaps worked well, but setting up channels and exchanging funds was still involved:
https://www.youtube.com/watch?v=yLq7xIjf_hc
Here it is more recently swapping LN BTC (bought with XMR and sent from XMR.to LN) into LTC with one deposit.
https://www.youtube.com/watch?v=J8FraG0Hb2A

Layer 2 is great because the channels rely on the inherent security of the underlying blockchain. Combine that with non-custodial wallets that no 3rd party can freeze and the crypto world has a powerful weapon at its disposal.  ;D

Ethereum is the most popular blockchain in the cryptocurrency, so others could be out of topics. For trading I will always perfectly prefer to use centralized exchange but the legit one. Now whatever ERC-20 tokens you use in decentralized exchange, will cost you more than centralized exchange. Now I don't use Ethereum for any transaction without hold.

In 2017 we couldn´t imagine that decentralized exchanges will ever overcome centralized exchanges in a daily trading volume. But thanks to UniSwap, it happened. Nowadays there are many UniSwap alternatives and new ones are created every day. I believe that in the future all people will move to DEXs, due to higher security, lower fees, and no KYC process.

I won't argue this a whole lot have happened in a small space of time. It's interesting to see. I'm suspecting there will be even more.

Agreed. I'd like to add that CEXs were more laid back as a whole in 2017. There are indeed many Uniswap clones. All the ones I know of take a cue from Uniswap and run on ETH's network when, tbh, that's the Achilles heel of Uniswap in the first place.

Yes. It has all progressed very quickly.

DEXs are the trend this year. Uni Swap is no longer a phenomenon. There are more DEXs and more trading volume.
Look at UNI, all CEXs have listed it, not yet a quick project has been so listed by all CEXs.


ảnh từ Glassnode
https://i.imgur.com/ulFwrUm.jpg
The red line is the amount of ETH on the smart contracts

The green line is the amount of ETH on centralized exchanges

I don't think that. I know many Dex are now in popular side. But in my opinion it's a hype. In late  2018 or early 2019 we started to see a Dex hype too. Many big exchanges or groups started to announced or delivered their own Dex. But most of them are not working now or have very less volume than good cex. And then people started to use cex more. At this moment also people are using cex more. But dexs also have good growth. But it's hard to say that it will be forever. I also like to use Dex but there are many problems like low volume and liquidity,hard to use, sometime slow. Thats it.

You're right. There was a much tinier DEX bubble through 2019, usually it was in reaction to big CEXs implementing KYC or freezing funds.
People have hyped numerous DEXs and coins as the proper solution to the trustless exchange of assets between two remote parties and, while they've gotten closer to proper form, none of the solutions backed by major players in the industry have been sufficient for the job in the way that Stakenet DEX is (swapping on L2 between multiple chains as opposed to just intra-ETH/ERC20 solutions).

I'm sure that Uniswap is just a hype, especially since they couldn't come up with anything new (maybe just a little bit :D)...
Komodo made swaps much earlier... Bankor made similar Uniswaps erc20 swaps a long time ago...

So far I think YES 2020 belongs to the decentralized exchanges. Ever since DeFi projects started booming we are seeing more and more transactions are flowing through DEXs we can say thanks to UNISWAP for that.

I personally prefer DEX over CEX , but i must say that there's still a long way to go before DEX finally overtakes CEX cause of some problems which DEX needs to fight and one of them liquidity, though Uniswap is really doing great but we cant say the same about other DEX's , another another thing is most DEX's only support erc20 tokens and no way to trade assets from other chains, one can easily exchange their erc20 tokens to eth or other tokens, but lets say for example, when one wants to exchange erc20 for ripple , one have to run to CEX to get that done cus CEX is the place where ripple is listed. So i think this is one of the big challenges DEX have to battle right now.

You are clearly missing the point.
There are MANY ways Dex`s are already beating CEX`s.
A Dex like Stakenet Dex does not require KYC and will not do so regardless of the amount you move around. Thats ONE way of beating a CEX.
Next one is being NONE CUSTODIAL. Stakenet Dex for instance does not hold your keys. A CEX does and not your keys not your coins. Second way of BEATING the CEX`s.
Stakenet Dex runs on Layer 2. This means you can send BTC, LTC, XSN and soon ALL Tokens on ETH around instantly without confirmation times and NO huge fees.
Thats ONE MORE ways Dex`s are ALREADY beating CEX´S.

You see??
There is MUCH more to it then what you describe.
Adding tons of shitcoins is the easy part.
Liquidity will come over time once the market gets tired of all the CEX exit scams, high fees and surveilance and AML/KYC rules.

I hope DEX-es win because I lost tokens on 3 centralized platforms already. I hate dealing with them changing rules as they see fit and also 2 shut down and stole the money one in New Zeleand. It sucks I hope they are gone soon!

Yes i lost coins on Cryptopia too.
But it looks like we will get them back this time. A RARE case when it comes to losing coins on a CEX.
So Dex`s is def the way forward and most people will learn it the easy or the hard way. But they WILL learn.

I hope what you hope will happen, but in my opinion it will not happen in 2020, because we can see how many deficiencies are also shared by some dex exchange platforms and I think dex will not be better than current cex. This, of course, dex and cex also have their own advantages and disadvantages, but we can choose which one is the best for us, whether dex or cex at the moment.

We will be soon in the last quarter of the year, I think there's not much time to make some magic for the DEX, so it's safe to assume that 2020 does not belong to the DEX, if Binance DEX were able to make some hype then it could have affected other DEX, but it didn't happen, not even in a short period.

By the way, it is possible that after the last serious hacking of Kucoin you will get bad advertising for DEX , because on Uniswap sold the stolen... And if we consider the situation, the liquidity providers on the exchange can be attributed to accomplices, because their addresses were involved with the addresses of hackers... ;D

Obviously dexes are the future but at the moment amm based instant swap dexes are dominating everything while traditional dexes like forkdelta and idex are struggling as well. So looks like this trend will grow especially because of the money making aspect of these dexes.

I think the kucoin hack is only going to accelerate the movement towards DEXs. The only issue I see now is the high transaction fee and the user interface which can be made simple for novice users.

as an example,Binance is a centralized exchange and they've built the confidence from the people and the incident that happened of them with hacking, they've refunded those who are affected but not every exchange can do this.
Many centralized exchanges has a good volume that's why many are staying on their side and as for the other DEX, many of them too doesn't have a good volume so that's why traders are wanting to get into those centralized exchanges with volume which their coins are listed.

Now that's really happening, mid-2020 everyone started getting on DeFi and now it's become hype. But in my opinion there is still a need for improvement because this really costs a lot of transactions.

Partly you are right, at the moment there is no convenient DEX exchange, but I am sure that the future belongs to them! When you do not need to trust your funds to a third party... In my favorites - Komodo DEX, with the function of atomic swaps!

Haven't heard much from KMD in awhile. Good to hear they're doing ok.

KMD. Just remembered me, I have registered there for a long time. But it has been a long time since I signed into the KMD account.

With the atomic swap function, I think KMD is worth taking into account in the Dex exchange.

I see DEX is trending and that is the solution to avoid the market makers manipulating the rates and generating dump and pumps.
For years centralized exchanges have been pumped altcoin to attract traders, they listed tokens, coins and made great profits, transaction costs on centralized exchanges have also gone up significantly. tell.
DEXs make things more transparent. We have real volumes, the listed projects are more equal and there is no cost for enumeration. That money will save the project owner and they will have more money to do something cool in the future. Transaction costs will be given to the liquidity providers. DEXs also make traders' money safer because it doesn't move to a hot wallet. That will avoid the big hack that is not worth it.

Maybe. I know at this moment Dec gain some higher using rate. Dex based coins are pumping. Same thigh happened in 2017-2018 almost every big exchange announced or publish their Dex. But that hyped gone. Now defi is in hype and for that some exchanges specially dexes are in hype. But I think in time few of these dex will survive and others are not gonna work in long run. That's just my opinion. Now it's upto you you follow them all or not.

Going back to the thread that was created back 2019, the answer is YES 2020 really belong to the DEX and the Decentralized Finance and there's a possibility that the trend will continue this 2021, because of the success of UNISWAP and the many projects that are hooked up in Decentralized finance.

Looks like the OP did not know about Uniswap I know Uni is already live prior to creating this thread its not on the list but its one of the most used and huge in volume this time the only problem is the trading cost because of eth network  we need a dex which has cheap cost and can do cross chain trading with huge liquidity.

The majority of the community now in cryptocurrency believed that DEX is really better than anyone else. Even centralized exchange always listed on top in the market. Although, I believed that DEX is really good.  But of course for us to earn in a good way We also need to ride with the flow in the market as well. Therefore, all you had mentioned are all true and correct.

That's one thing and because of this incident, the way people see the Dex exchange right now is way better than the centralized exchanged which is often get hack. right now, we have many people who prepared Dex exchange rather than the one who supposed to be the most secured and trusted but everything change when the incident of Kucoin has come. Most of the investors have changed their strategies on not putting their trust in some centralized exchanges except for few exceptions namely few like Binance, Okex, and other top centralized exchanges.

There is not a single cryptocurrency exchange out there, which we can trust 100%. I have lost my cryptocurrency holdings with multiple exchanges. The mainstream exchanges also need to understand this. Why can't they allow us to own our coins. After all, these exchanges are just trading platforms. Why they should always ask for keeping the coins in their hot wallets?

I for one don't accept that DEXs will essentially sprout into boundless selection out of nowhere. The truth of the matter is that cross stage and fiat mix is as yet missing notwithstanding the best endeavors of DEX suppliers to make their own stablecoins or token portrayals of altcoins that are not on their foundation. Accordingly, it's hard for individuals to turn down exceptionally develop incorporated innovation and move to finish decentralization in this field inside a year.
Notwithstanding, I do feel that in the short run, they can produce some publicity. Particularly on account of a potential wide based buyer market in 2020.

I think people don't easily use any kind of exchange, be it decentralized or centralized.
Of course the exchanges used already have public trust. Binance is a centralized exchange that is already trusted by crypto users, and many other centralized exchanges. If it is unbelievable for the easy reason of freezing, then it has already happened, but it is not.
Talking crypto is trust, because crypto is anonymous.

It's true. I missed a few ETH-based DEXs at the time. I thought about adding them in at a later point but decided to leave the original post as it is.

Uniswap did remarkably well over the summer. It was a great way for people to get into DEXs but it was pushed to it's limits very quickly imo.

Bitcoin was intended to be P2P cash and Ethereum was intended to execute smart contracts written in Solidity.
Neither of their blockchains create an optimal environment for running a DEX as they weren't initially designed for it. Uniswap put quite a bit of stress on Ethereum.
ETH 2.0 has the potential to be considerably more powerful, but I don't see how it can attain a fluid level of interoperability without using wrapped assets.

There's a reason I've been talking up Stakenet DEX this whole time.  ;D

Bitcoin needs Lightning Network as a "relief valve" for on-chain congestion. With a proper L2 solution in place, BTC will be very effective at serving it's original purpose as P2P cash. Transfers instant. Fees very low.
Ethereum could equally benefit from relieving it's on-chain tx with a Layer 2 solution like Raiden.

Stakenet DEX has been working towards a fluid, native interoperability on Layer 2 since 2018 - long before there was a demand for DEXs, long before people started adopting them in large numbers, and long before they began to realize the shortcomings of using Layer 1 as the platform for executing a flood of trades. Executing atomic swaps on-chain, while inherently secure, is considerably more expensive and, as demonstrated by Uniswap, leads to rather high rates of failure. Imagine if Uniswap was handling Binance's level of volume in addition to bots that trade quickly and maniacally! It would greatly burden the chains involved in and detract them from their original, intended purposes.

As Stakenet has continued to build on this model, a few others have followed suit. Uniswap itself has been looking at Layer 2 to help scale out. It is, however, still bound to Ethereum.
Stakenet/XSN is fast on L1, code-agnostic, Lightning compatible (BTC/LTC and all LN compatibles), Raiden compatible (ETH/ERC20), and flexibly adaptable (more/better L2 solutions can be adopted and implemented). At it's core, XSN was designed to do exactly what it's doing - bridging different chains with different purposes speaking different languages together so they can achieve a more harmonious level of interoperability between each other, and offsetting as much unnecessary stress from Layer 1 as possible.

It is increasingly important over time that both BTC's L1 and ETH's L1 are as optimized as possible! Otherwise, they will both run into scaling problems fast. Remember in 2017 when crypto really started to take off and then Bitcoin tx started taking hours upon hours to clear? It will only hinder crypto's growth.

Stakenet DEX went into open beta in late August after a lot of stress-testing. The open beta currently executes L2 atomic swaps between Bitcoin, Litecoin, and XSN. L2 atomic swaps between BTC and ETH are being stress-tested in private beta and should be coming rather shortly.  ;)
They're also stress-testing a Uniswap-like interface now known as the "Simple Swap UI" - SSUI for short, where all you have to do is deposit to a private wallet, choose the coin you want to swap into, and press a "swap" button to execute the tx. I've tested it personally and am very excited to see the impact it can have on this industry. There's a very promising future ahead for this sort of technology!

The king of dex in 2020 is uniswap as it's owns the highest liquidity among all other dex exchanges in crypto space, well thanks to DeFi Hypes since few months ago but now it's done after DeFi projects lose their bullshit touch, this year biggest volume and liquidity belongs to centralized exchanges not Dex

This is due to the hype of DEFI projects,back from the beginning of the year, it was Binance DEX which was so high but it failed to proved us that it will lead the DEX market, until now, its volume did not grow, now only below $500k (https://coinmarketcap.com/exchanges/binance-dex/), compared to uniswap which has over $200 million in trading volume.

before DEX Boomings in 2020, many users were not very fond of trading there for several reasons especially the high withdrawal fees. however, after unforeseen events like the UNI Airdrop has become a major concern for traders. people are getting interested in using uniswap DEX, many new projects are listed on their platform and it can be said that 2020 is the year of DEX.

In 2020? No, but it looks like very soon DEX will take over CEX, today I saw a news about government trying to use the law to force centralized exchanges to give up their users data, if this finally gets approved many will quit using centralized exchanges and move fully onto DEX

Maybe Yes, like example Uniswap Platform is really great but we can't say Same with other DEX, another thing is most of DEX only support erc20 token and there is no way to trade assets from other chains, one can easily exchange their erc20 tokens to eth or another token. but for now uniswap DEX always has high trading volume even though the fees there are high.

Answer is yes because I invested on one project and this project is related energy and power so after long term they changed their mind and now they are going to launch own DEX platform where we can easily exchange tokens so I am not aware of other projects who also launch DEX or many other dex project coming so we can say 2020 belongs to DEX.

Yes, UNISWAP is one dex platform truly becoming a good platform and even added to the active market right now with bitcoin market price per btc leap to almost 15,500 $ and this could be a good indicator that we are heading towards bull run for bitcoin. How much could it done in this possie bull run.

There are other DEX project too and I think they are doing fine as well.

all of the above Dexs are well worth a try and trade there. But you need to know that the current Cryptocurrency market is a price-making market. Of course, no Dex will be able to satisfy whales' manipulation.
although Dex may really shine in the years to come, Cex is sure to outperform.
Besides the decentralized market nature, there are still more functions in Binance than the Dexs nowadays. Even with lower fee and higher volume, then traders will definitely choose Binance to trade better.
Therefore, Cex still has an important influence in this market, do not reject it and look at reality to make more accurate conclusions.

There's no doubting CEXs influence and place in the market, but innovation appears to be finding itself on the DEX side of things more and more everyday.

Nothing is completely safe in the crypto world. Yes, Dex is safer than Cex but it would be a disaster if you lost your private key and Cex, we don't worry about that because it doesn't need private key.. Even in Dex safe but for me Cex is still my favorite, huge volume, lots of coin/token, good support, etc

The 2020s belong to DEXs ? i don't think so

I don't think 2020 belongs to DEX. Because it still has a long way run to go to beat the current top centralized exchanges. Indeed DEX did improve a lot in past year but still lacks behind in few things which can only be provided by CEX. But when Dex improves their platform or service in the market that might be the reason for them to rise above others in the future.

yes DEX is amazing this year, Uniswap one of them, Uniswap volume went up high in Q3-Q4 2020 because of Fomo from Defi,
and made DEX a good place for Defi tokens, without listing fees of course. maybe the DEX era will survive until next year.
Moreover, many centralized exchanges have had security issues this year, and this has made the DEX even more extraordinary.

Wow, didn't realise this post is 1 year ago
Although DEX didn't dominant and convert all people from CEX to DEXs
But we still see good progress

Uniswap/Balancer are all doing fine
This also create new market opportunity like Defi lending market(no central organization controlling), Defi margin trading, Defi Options and more

Yeah. I think the increasing momentum towards DEXs has only just started.
Remember the prominent CEXs of 2016? By the end of 2017, how many of them became irrelevant or took a backseat?
I expect the same thing to happen, but with DEXs overtaking CEXs save for a few tiny niches.  ;D

Uniswap got popular but too many people complain about transaction fees, which makes sense. Gonna be interesting to see if XSN can pull it off with their new Connext partnership.

I agree, but Uniswap is still the number one decentralized exchange in 2020, although many others have followed suit but the volume at Uniswap is growing

The fact that Uniswap is doing so well despite the inherent shortcomings it has convinces me that Stakenet DEX will gain adoption.

Well I won't be so direct with a yes or no, decentralized exchanges(dex) are still building, they are still like new and lacking being in not just volumes of but also some few things only Cex can provide.

Why is bithumb on the list of DEX? Bithumb is a fully centralized crypto exchange, I don't know where you get that from, anyways, this year so far only Uniswap DEX did very well and that's even because of DeFi projects success and after DeFi Hypes goes down Uniswap sharply lose large amount of Liquidity and volume, is this year really belongs to DEX? The answer is no

Yes, and that's because the Uniswap exchange was more popular this year than other exchanges so that the volume on Uniswap continues to increase over time, especially now that many new projects are adding their tokens to Uniswap.

The popularity of UNISWAP just formed recently when the team conducted a profitable airdrop. The strategy was successful, from that UNISWAP become bigger and  crypto enthusiastics talks about UNI. The effect, now mostly of the project are in UNI. I guess UNI win the popular DEX and have a huge profit.

The answer is NO, 2020 still belongs to centralized exchanges, decentralized projects are very popular in 2020 but it comes with full disaster, too many DeFi projects are failing or probably get hacked easily, and DEX exchanges have too many complains and only centralized platform see less bad results this year, if I recall correctly only Kucoin got hacked

UNISWAP is the most popular DEX platform this year but the DEX make it that big because of DeFi hype but still scammers have lower the credibility of the exchange, they started creating scam tokens and cloned tokens to scam people on UNISWAP, this is something that can't happen on Centralized exchanges. 

Uniswap is trash because it's only able to do on-chain transactions, which is very expensive. Stakenet's 2nd layer DEX will offer instant BTC + ETH trading with next to 0 fees. It's gonna work exactly the same way as a CEX, however you stay in control of your own private keys.

Liquidity providers will make sure you can access the order books of every major exchange, meaning you'll have more liquidity options than Binance itself, since you'll be able to access pretty much all orderbooks in the world, from one single dApp.  8)

Uniswap has some very important things going for it.
Namely, that they 1.) have multiple hosts in the event that a centralized host like Cloudflare goes down on them again, and 2.) it has significantly helped drive DEX adoption.
In that regard, it's done an excellent job.

Stakenet DEX definitely has a competitive edge over it because it's really easy to use and offers a DeFi solution for Bitcoin that maxis could very well go nuts over in addition to ERC interoperability, but I'll give Uniswap credit where it is due. I think its ability to draw in so many people will directly benefit Stakenet and other L2 solutions.  :)

agree with you, i also think that the real future lay in the defi exchanges - they just need some time to became technically qualitative and centralized exchanges wouldnt be popular at all

Through out the year I only noticed balancer and uniswap as the most performing DEXs and now that the year is almost over their performance are going lower too simply because of many fake DeFi projects that dumps significantly or even exit scam, Uniswap had a very huge volume while DeFi hype was still alive weeks ago but now things have changed, it just looks like DEX success always have low life span

DeFi projects and DEX are big failure this year, that's my own answer because majority of DeFi projects are scam and the little DeFi projects that have something good ended up been hacked, the word decentralization is nothing but a big joke in crypto space now, even Uniswap was able to gain attention because of DeFi tokens, once the hype was over uniswap goes down too and now many tokens are been cloned on uniswap, still asking if DEX owns this 2020? It's a big no

agree with u, and as for now I prefer even to invest more in dex projects. seraching them everyday))

I thought things will change for DEX this year after DeFi became a big success in crytpo space months ago and uniswap had insane volume, I felt like this is the beginning but I was wrong, almost all DeFi projects are crappy made, hacks here and there, funds aren't safe with decentralized projects and platforms anymore, newbies are scammed through Uniswap since any token is welcome to get listen on the DEX, it's a big shame to decentralized projects

Yes, I think after the trend of yeild farming by provide liquidity pool and defi, the biggest problem of DEX was liquidity and cross-chain transactions solved, so the number of users increased and they We have seen the impressive growth of DEX in the past year. I think once the transaction fee and timing issues are solved with ETH 2.0, I think next year will see the further development of the DEX.

me too. just found xsigma - stablecoin exchange, very simple, but trusted by a public company and they have nice returns

Agreed. One of the last vestiges of CEXs would be liquidity and custody for very large amounts of money, and even in that regard DEXs have grown to be a lot more competitive.

It is very reminiscent of the ICO bubble in that there are numerous "ETH killers" claiming to be the one, true DEX solution.
Many are very much the same in their approach and I wager that most of them will not be around in 2 years.

The question refers to the decade as a whole - 2020s, not 2020 in itself. Even for this year, however, DEXs have seen a dramatic shift upwards in market share and trading volume. Collectively, they went from doing millions to billions in 24h volume.

quote author=retalids link=topic=5194868.msg55695730#msg55695730 date=1606490161]
agree with u, and as for now I prefer even to invest more in dex projects. seraching them everyday))
[/quote]
What stands out to you? I think XSN is onto something special because you can trade real BTC and ETH off-chain.

ETH 2.0 will allow Ethereum to scale a lot. Off-chain solutions like Lightning Network for BTC/LTC and Connext/Raiden for layer 2 ETH have become a lot more advanced over the past few years. Between all these forces, I believe we're onto a truly scalable ecosystem.  :)

I think not yet because there's a lot of things that DEX cannot do right now compare to CEX. DeFi is having a great run this year but with lots of scams and hacks going on, people like me still prefer to use CEX for the safety of my investment.

Thats quite strange you didn't include uniswap in the list - the only dex exchange that actually beated binance once and still remains in top10 of exchanges overall both cex and dex.
Its only a matter of time before dex takes over the market

A true DEX is one that's as secure as the blockchain itself.  ;)

You're right. The OP is from October 2019. The DEX space has changed a lot since then. I decided not to edit the original post and just let it be as it was.

Uniswap will be beaten by Stakenet once they go full public. There's a big chance of that as Stakenet provides a DEX offering BTC - ETH - LTC - Pretty much ALL assets to be sent instantly, and with very low fees. Pretty much gotta look and function like Binance, without being centralized.
2nd layer transactions will make sure transactions go through pretty much instantly, which is what this space needs for further adoption of the blockchain technology.  ;)

The challenge with DEX is the trust for Defi project and the high transaction fee, the regular hack claims is hunting the confidence of old and new traders. I always knew investors and traders prioritize the safety of their identity, This can bring huge fund to the space as long as investors identity is concealed by DEX. Uniswap is doing great but not better than binance, not with traded volume, number of coin and users.

You have raised an interesting and necessary question, but is everything the way you write? If we talk about centralized exchanges, then we cannot say that they are all not reliable or work somehow incorrectly, because it all started with them and not all centralized crypto exchanges are reliable or scammers. As for decentralized exchanges, they are certainly based on decentralized processes, but this does not prevent fraudsters from deceiving users. Moreover, the word DEX itself has recently been used by many as a bait for investment and it is far from the fact that there is anything at all connected with decentralization. I have personally seen many different platforms, both CEX and DEX, and I cannot say that someone is better and someone is worse. I can say one thing that some and others have a number of problems that need to be addressed.

Real DEXs and real DeFi entail platforms and services that can't be hacked.  8)
Agree that Uniswap has been doing great this year. I'd argue that 99% of people in crypto didn't expect it to do as well as it did - getting around $1 billion in 24h volume on a daily basis at its peak last summer.
Remember - Binance didn't show up until late in the 2017 crypto bullrun. Some of the biggest exchanges at one point in time were Bitfinex, Poloniex, and Bittrex. At the start of 2017, Bittrex and Polo were the place to be. By the end of the same year, they were quite irrelevant. Crypto changes fast!

Technically it all started with this very messageboard, didn't it? A few lads trying to peg BTC to the dollar and a guy who ordered some pizzas. It was technically decentralized, though highly reliant on trust. Centralized exchanges came after.  ;)
Trust is an important factor and there's no point in having a DEX if it is not non-custodial and trustless off the bat.

I agree. From their latest article...
Absolutely nothing in this space compares to what XSN has been building this whole time if they can do instant cross-chain swaps between pairs like BTC/USDT, ETH, LINK, or even ETC.
https://medium.com/stakenet/ethereum-scalability-solutions-connext-and-stakenet-xsn-research-4edb29267bb6

Like seriously? CEX for safety of your investments? I think you are talking the opposite. Remember you are never in total control of your funds when it comes to centralized exchanges and CEX are prone to hacks, but for DEX like UNISWAP, your funds will be in your possession while you carry out swaps. Decentralized exchanges achieved huge milestones this year, the major propeller was Uniswap. Uniswap's large trading volumes and liquidity shows a lot of interest was drifted towards it, many other DEX which cloned Uniswap are fast rising even on other blockchains like TRON and BSC.

Agree that CEXs are not safer than DEXs (even Binance has been hacked, after all).
Agree that Uniswap clones that don't improve upon Uniswap's infrastructure are ill-fated.
Uniswap's true competition lives on Layer 2.

Large volume of transactions still goes to centralized exchanges but of course we love to have a decentralized wxchange where there is no KYC and limiting in transaction that if you have a large or volume of transactions to be made. But, whatever it would mean too risky for we do not know that platform can be a phishing or just waiting for the right time to run away with bitcoins. Being careful is a must may it be a decentralized or centralized.

Agree, 2020 is not the year of DEX and that is not important in my opinion, the most important thing is that DEX and CEX can be accepted by many people and are used massively and safely.
However, you cannot expect much from DEX, because DEX only makes transactions easier so it is impossible to expect DEX services to be better than CEX.
CEX is able to provide many advantages because each trader's funds are stored there, so what DEX services do you expect? when funds are not deposited on the DEX, you don't even need to create an account to trade on DEX.

Once DEXs can handle heavy liquidity and they're guaranteed to be safe, the last vestige of the CEX imo would be liability insurance if they have it - i.e. CEX gets hacked, loses BTC, insurance pays back some of the money. At that rate, though, CEXs would be more vulnerable than DEXs anyway.

I don't quite follow your logic here  ???

I think the Year 2020 does not belong to DEXs because few peoples are using DEXs. Most people use centralized exchange due to the fast liquidity to any altcoin and withdraw payment into any altcoin. DEXs have limited liquidity. Just one blockchain-based token is traded; this is truly centralized exchanges that are not more secure than DEXs, but Dexs users are less than centralized exchanges.

I see that projects that fall into the defi-categorization category are in great demand by the community. And there are still some IOS which is supported by big exchanges are also very acceptable. Rather than very few projects chosen by the people. And yes, at the moment some of the major exchanges are pushing their own tokens a little. But yes, the market as a whole is in great shape. There she is.

The thing about uniswap is that it only good for erc20 tokens within ethereum blockchain and unlike centralized exchange which usually accepts coin other than ethereum and the tokens within ethereum blockchain uniswap only limited to eth tokens.
The platform is good indeed but it needs more than just eth tokens for it to compete against massive exchange like binance which offers convenience and any other typical centralized exchange features.

Stakenet DEX is getting close to having trustless BTC/ETH swaps  ;D
https://i.imgur.com/hbmbl7w.png

Presently I don't have much love for DEX because I enjoy trading on Centralized exchanges, the trading experience is like no other and DEX can't be compared to CEX trading probably because of the good volumes available? Or liquidity? DEX only get the security thing right, every other things belongs to CEX

also believe this) i'm researching a lot of interesting dex projects - recently  researched a new stablecoin dex with nice returns - xsigma, looks credible

You must remember that uniswap is a dex and probably you've seen yourself that uniswap users are so many that it floods the whole ethereum blockchain and make it clogged. Many similar service like sushiswap also emerging, maybe it's not that obvious but DEXes are growing so fast and rapid right now.

Yeah. ETH gets clogged fast and ETH 2's benefits are still a ways off. DEXs are growing fast.
Stakenet now supports ETH and USDT from Layer 2.
https://cdn.discordapp.com/attachments/374568694690611204/796458237364797440/image0.png

The animations look pretty cool too
https://www.youtube.com/watch?v=SU_uareVM4U

Yes. It does. With so much of friction between the authorities and different coins and tokens, people would keep moving to DEX as DEX keeps improving. A lot of people are now aware that DEX are much better for specific exchanges and they are collecting good enough volume. The only improvement it needs is an automated interblockchain smart contracts to exchange coins between different blockchain to actually blast off.

The majority of CEX's currently on the market are going to lose a lot of value when new regulations are drafted and take effect by the SEC. You may not want to believe it, but this is the most probable outcome. I think the banks are not just going to allow the unregulated cryptocurrency to fly around and enrich thousands and thousands of people who have no financial acumen.

2020 was quite a journey.
2021 will belong to DEX..

** Disclaimer: I am using Blocknet DEX. Founded in 2014, 7 million coins, traded at $1.50 currently. Built the first DEX, and has now integrated it into their multi-currency wallet, which makes it easy to store, and trade your coins. This DEX is NOT built on Ethereum, meaning you can trade BTC, LTC, DASH, and other coins..

That has already been happening at an accelerating pace since 2017, especially 2018.
The ones that are left will have intense KYC and no privacy coins.

Are there good layer 2 DEXes coming out?  Paying $100 for a trade on Uniswap seems like an anatham to the point of DEXes -- to allow cheap exchanges to happen fast.

I really like to highlight the result of the cryptobridge project (BCO) and unfortunately we see the meaning of a failed DEX up close. The big problem is joining the KYC and that is against all ideals of a DEX which is decentralization, freedom and personal financial control. Maybe in 2021 a new improved DEX concept may emerge, but in general it's something that is far from happening due to regulatory pressures on crypto.

It's really the hindrance why DEX are failing because they don't anymore live by their name.

This project Binance DEX (https://coinmarketcap.com/exchanges/binance-dex/) was so hype before, I was thinking it will be the biggest DEX but this one is regulated also, so this is likely just a failure with a decent volume but it's not what is expected.

DEX are becoming nothing but empty words right now, all they have to offer is just the decentralized part which makes it look like the most secured place to sell your assets but DEX have more problems than regulated crypto exchanges (CEX), trading experience is worse, not enough volumes, fake tokens available on the exchange, transaction fee is too high, these are some of the problems affecting DEX.

Stakenet  ;D

Yeah, it really looks cool, is this an app where you need to install in your deskstop?

It's kinda similar to Exodus wallet that I've been using too, just the layout, it's very neat.

Dex is the good project but it is not mature project as we see centralised exchange. The reason people still using CEX ( Centralised Exchange ).

1. Centralised exchange still faster then Dex
2. Fees is lower then decentralised exchange
3. User interface still way better Cex then Dex
4. User Friendly

2020 showed us that Decentralized exchanges have a lot of advantages and they can be really comfortable to use. There is only one problem, which disturb to make it more popular - high fees. When it will be solved some way (some already have decisions like layer 2 etc), DEXes commuinty will grow and maybe CEX will be less populr than now. 2020 was a start year for DEXes. The main game starts only now, I think

Layer 2 is the next battleground for sure. It makes the difference between a DEX feeling like a CEX and it feeling slow and having no liquidity.

Indeed, however as far as insights, everybody has their own perspectives on this, since every individual who utilizes any stage has individual necessities so somebody needs to utilize the stage and that is autonomous of different things, for example, accommodation and highlights allies.

I think it just comes down to who has the fastest, safest, best working product for most.

And all of this on dex can be improved, more than that I also find it easier to use dex quickly.
Taking a look at the new dex recently, I see that they are perfecting themselves.
Let's find out this is an example of what's coming to happen https://www.chainge.finance/