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Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂  but it seems like Uniswap and Pancake will take the lead in near future?

Probably it goes goes to volume on DEX, but as far as I know, the volume is very small as compare to let's say Binance that's why it is still up to this day remain as the top CEX and for sure CZ has really take care of his project since 2017 because it not then they could have been in the situation like FTX way back.

And for sure many exchanges now has learn from that FTX collapse.

With that I think DEX future is still that there, traders will still prepare the liquidity of CEX.

In cryptocurrency we all know that "Not your Keys, Not your Coins" and that's why I think in near future decentralized exchanges will be the most popular and safest way to buy or sell cryptocurrencies. Already they are getting huge popularity and intention from a huge number of users.

???

Bisq aka the 100% decentralized exchange is founded since 2014, while FTX is founded since 2019, this mean decentralized exchange can't overtake centralized exchange popularity.

Those you mentioned above like Uniswap and Pancake are less decentralized exchange, not really a decentralized exchange.

People will aware and use decentralized exchange when almost no one will use shitcoins, since they've learn centralization is really dangerous.

Yes Binance could never be replace as trusted among cex and that would continue for more years to come. Somehow the event circulated on FTX, trigger some users to take a look deep on decentralized approach more. The convenience brought by cex somehow shattered due to a lot of losses of many people and that leaving trust on those very low.

Now that it happened. Surely many will do more security on their funds moving into non custodial wallets and services.

I couldn't assume that this will affect and influence attention to the community but what just I see is that what happened to FTX will affect the trust in CEX.
And even Binance could not escape from it and the criticism made but of course, reputable exchanges whether it was Centralized or Decentralized exchanges will remain active and stand strong despite what is happening around them because their intention is not to fail people's views and scams traders but for them to give satisfying services and can be trusted.

You still need a centralized exchange.

Need a third party to get the money out until all-transaction is digital without any paper currency and other. I don't think compare each other right now is a good things to do, because both of them have cons & pron.

You still need both of them.

What the FTX insolvency already brings is the awareness of people to favour self-custody over storing their funds in third-party services or platforms. It is very unlikely the recent downfall affects the decentralized exchange userbase significantly. I think one of the main causes for people using a centralized exchange is to convert their crypto into FIAT, conveniently. And that is the part where decentralized exchange loses.

Uniswap and Pancakeswap won't solve the issues since their current features are lacking into what the user mainly seeks, which is FIAT conversion. Not until the cryptocurrency adoption is widely spread, so users could spend it directly with an easiness.

DEXs have also been around for a long time, like Bisq founded in 2014 but so far, its popularity is still not comparable to CEX today. Many people are still looking forward to the future of DEX, and when they see the fall of FTX, they expect even more but I still have doubts about the future of DEX. If they could really replace or provide services like CEX, they would have done it long ago rather than letting CEX take the market share like now. DEX needs a lot more effort if it wants to replace CEX.

Centralised exchanges are not only useful for converting crypto to fiat. CEX offers margin trading, which DEX does not yet have and probably will not in the near future. This is probably the only difficulty for DEX at the moment. If it were implemented, many people would probably give up on CEX.

The unfortunate thing despite what happened to FTX is that traders will still choose CEX over DEX. You see news about people pulling out their funds and putting them into self-custody wallets but I think they are just waiting for improvements on centralized exchanges before they start depositing huge money again. Part of the improvement is the stricter regulation.

I believe that decentralized exchange platforms will have a lead in the future, and the reason is that they are safer because there is a relatively small possibility of hacking them, because users' information is not stored on a central server, and each user has complete control over his wallet, in addition to its integration with most cold wallets, Also, what distinguishes decentralized platforms is that they have greater privacy and protect their users from governments and central entities because they are equivalent to a distributed blockchain network. As for centralized exchange platforms, the matter is different, as they are similar to banks, and this means that there is a central authority that controls the users’ wallets and their funds and the entire platform, so it is less secure and vulnerable to hacking, which makes it a prime target for hackers.

I think, as we have seen most times, that Decentralized Exchanges are still good for users and after FTX, most people turned their faces towards Decentralized Exchange, and I think that it supports the Decentralized Exchange that will give a further pump to this one. I don't think that all, but most of them will rise.

Decentralized exchange is more trustful then Centralized . When we deposit a crypto in a centralized exchange, the full control of that crypto remains with the exchange authority, so the risk is high. There is no guarantee that our money can be scammed at any time from here.  As is the case with FTX . so in my opinion in the future DEX can be a great agency for exchange crypto without any doubt .

Of course! decentralized exchanges are attracting more and more interest!! In fact, they are much more convenient because you do not need to register, and that's their plus!! of the minuses, of course, there is such a moment that they only support tokens on the Ethereum platform, and maybe this can be attributed to the pros! :)

I think dex could offer margin trading as well, it would be difficult but not impossible. How could it be done? Well, simply you would be putting up a margin trading on a dex with betting mindset, and there would be people who loan out that money simply, and then if the price goes wrong direction even a bit, you would lose all your money, and the winner would pay the loaner and then the rest of it would be their profit, so even a 1% drop would make you get the whole money from the opposite side, and that is how it is done at CEX anyway, they just provide the risk factor, someone else just like liquidity provider at dex would end up doing it.

If after the FTX incident anyone still wants to leave their funds in a centralized exchange it means that they probably shouldn't be in the crypto space in the first place.
Even before FTX went bankrupt so many users have always been against centralized exchange
the FTX drama only gave them more proofs why centralized exchange shouldn't be trusted.

There are many exchanges that sell themselves as being decentralized but at their core they are still centralized, so those exchanges are not only not providing any additional protection to their customers they are even lying to them which is even worse in my opinion, however true decentralized exchanges are bound to get more popular, however I do not know if that is going to be enough for them to become more popular than binance, as the collapse of FTX has benefited binance as well.

This is true, but have you heard of any decentralized exchange being the same or more popular let's say like Binance? There is none because crypto traders still prefer centralized exchange. And even if we have seen like the collapse of FTX, once everything has settled down, they will still go back to where they used to, that is to trade on centralized exchange. I have nothing against decentralized exchange, but I don't see them having the same love as compare to centralized exchange. Once reason is that it's hard to trade on decentralized exchange as it is too slow and then the question of liquidity as well.

We might see the good volume for DEX transanctions again after what happened to CEX. Many started to transfer their funds to their personal wallet and if there’s a good update for DEX then we might be able to see big changes and maybe DEX can have a good volume again. The issue of FTX is a wake up call to everyone, we should start thinking for the best alternative, and make no mistake again.

FTX's downfall is indeed still a quite dire scourge as well as a warning alert for other exchanges because no matter how good it is, sometimes when we don't know what the depth is, it's also very difficult.
But talking about Binance there is a slight difference it seems and indeed they are still going to be on top now but we also can't say that this will also be free of suspicion because vigilance still has to be exercised now especially after some of the events that have happened right now.

Reputable exchanges will always be reputable, unless if they start changing their perception and start ruining their own credibility. But I know having Binance as the topmost reputable centralized exchange, will always be like that because they have set their goals and have eventually achieved it in the longest period. However, with FTX scandal, everyone is scared now to trust another centralized exchange, so if there will be proven reputable decentralized exchange, for sure it will pave its way now and start to be noticed.

That certainly has a huge impact on the industry but I know people know how to assess exchanges if they can be trusted or not. Despite the situation, traders are not leaving CEX (like Binance) because they believe that this is just an isolated case. But yes, this issue could lead to some worries in the later part that one day there is another scam story happening again, and the more they are careful about their money and gives them a lesson for not leaving their funds in the exchanges even if it was reputable.

Yes, I think the decentralized exchanges will have more attention but it will be short live.  Centralized exchanges offer ease of transaction way more than decentralized exchanges.  Centralized exchanges have way more liquidity despite the risk shown by the FTX collapse.  I think decentralized exchanges need more development in order to deliver what the centralized exchanges services deliver to their users.

Despite that, I still believe that decentralized exchanges are the way to go to complement the pseudo-anonymity created by Bitcoin transactions.

DEX allows you to swap your crypto easily and directly, which means you don't have to deposit your funds on a centralized exchange. This means your funds are stored in a smart contract then swap to other tokens like BNB, BUSD, or anything you want.

One thing is certain, we as crypto users or traders still have to use CEX to bridge it so that tokens swapped on the DEX with country currency, can then be withdrawn through the Bank.

We haven't seen any difference to the rules of the CEX so far but due to FTX scams and SEC extending thier hands over to the EU and ASIA might change how CEX operates like banning BTC addresses linked to Russia or something like this which will make people go to DEX.

Last bullrun the volume on DEX like uniswap beats other CEX. That was the first so far we have seen. The order book type of DEX however is not very enticing.

The trust on centralized exchanges has diminished a bit, but I still use Binance as my trading platform even though it still carries the same risks as FTX. but I don't keep all my assets on Binance.
For decentralized exchanges like Uniswap,pancake and others, I also use it, it doesn't mean that decentralized exchanges are very safe, there have been instances where someone loses their assets on decentralized exchanges due to almost the same site and linking wallets with phishing sites.
Everything still has a risk of loss, the best security also lies with the user and the user must be more vigilant.

Margin trading has already been implemented on the decentralized exchange Dydx.exchange. So now centralized exchanges have lost their monopoly on margin trading. There may be other DEX on which margin trading is available, but I don't know about it.

Many people wait until they experience things themselves before they learn. I don’t think there should be any trust in centralized exchange in the first place and the FTX downfall is just another case solidifying this fact.

Centralized exchange is synonymous to you not owning nothing, and you are under the mercy of the Exchange. Centralized exchange would be an avenue the government would use to get some hold in crypto-currency.

Even CZ has told that he sees future in decentralized exchanges, and the amount of fighting lawsuits and hackers they have to deal with i believe that it must be nerve breaking to run a cex.
However i see cex as a necessary evil unless we figure out decentralized way to buy cryptos with fiat money and i can't see that happening in any way.

This wasn't the first time a cex has fallen, and while it was probably bigger then any earlier fiasco, it seems to have similar elements. Like the fact that people are again going for dex. But in a few years they forget what happened and move back to CEX. This has happened before. And to top of it there could be faulty smart contract getting hacked in some DEX and people lose trust on DEXes for a while.

Hate to break it to you, but the vast majority of so-called "decentralized exchanges" aren't as decentralized as they claim to be. PancakeSwap is "living" on a centralized blockchain network (BNB), while there have been cases of censorship from Uniswap (not to mention the developer team didn't disclose Uniswap V3's source code to help prevent forks from getting traction). People will simply continue using centralized exchanges because they're easier to use, and have a wide balance sheet unlike their decentralized counterparts. With issues such as low performance, high fees, and low liquidity on DEXs, centralized exchanges will be here to stay.

FTX's collapse is just history repeating itself, where a major crypto exchange Mt. Gox went all the way down the drain a couple of years ago. Centralized exchanges will learn from FTX's mistakes and come back bigger and stronger than ever. With regulations weighting on the industry, it seems to me centralization will prevail in the long run. Just my thoughts ;D

Decentralized Exchange (DEX) is the future. For now, a lot of people still don't appreciate these decentralized exchanges and they have some reasons for it.
Like why they intend to stay using centralized up until now.
I'm not telling centralized exchanges are really bad, but there are just pros and cons to both centralized/decentralized exchanges. Depends from your goal if decide which one to use.

FTX is the latest case today and previously MT.Gox and several other centralized exchanges have been pretty clear examples of trust in centralized exchanges. it is very risky, but trading platforms that are still popular today are still on a centralized exchange.
I only trade and do not deposit fully on a centralized exchange, I know this is a risk and I have to bear it.
The government has strong authority on centralized exchanges and has the authority to provide any regulation including taxation as a source of government revenue from crypto transactions.
I am aware and even you are also aware that all of that has risks, the choice is on each other's shoulders and I still use risky choices.

There is no future for decentralized exchanges. In a few years, most of the cryptocurrency market will be regulated by the SEC and similar regulators. Recently, in a closed group, there was a conversation with a representative of a major exchange from the top 20.
Regulators send them recommendations, but do not force them to comply with these requirements. The requirements of the SEC apply to most countries, and if a crypto exchange refuses to comply with these requirements, then it will be banned in many countries. The same applies to large decentralized exchanges. They will all cooperate with regulators.Of course, there will be ways of decentralized exchange in new projects, but they will be greatly inferior in terms of liquidity and opportunities.

They will take some amount of attention for sure, and definitely more than what they used to get before FTX aftermath. However, it may happen that people will forget the incidence that happened and get back to the normal routine one more time in the future. This is odd to read but we have seen how humans behave in the long run. They will always start going back to those regularities which they used to follow before any bad incidences because they think air's been cleared and they are open to access the previous steps one more time. I am not sure how it will work with decentralised exchanges in long run but investors are greedy, they will get back to high volume based exchanges one more time.

I can't agree with this... there will always be decentralized exchanges. And I also think it's the future, the bottom line is that with DEX exchanges a user can keep some level of anonymity and privacy and at the same time have the highest possible protection of his funds, people just need to recognize that. CEX exchanges are holding more than 90% of the crypto market, but with time people will learn more about crypto and decentralization and that will go in favor of DEX.
DEX exchanges are fighting for "Volume", and I think it would be better for all of us to see them winning. I guess we are talking about decades here, but DEX is a lot more honest approach than CEX, where a handful of people can bully others if they feel like it (latest FTX downfall).

I'm not sure if DEX will ever completely replace CEX. I even admit that DEXs will also become regulated and collect user data. Now DEX is very far from the convenience that the user gets when working with centralized exchanges. He doesn't have to worry about those networks, wallets, bridges, slippage and other risks that come with using DEXs.

I really think that decentralized exchanges have not really perfected their technology yet, which is why centralized exchanges are still going to be the leaders of this market when it comes to the volume they manage, however as governments impose more heavy regulation to this industry and centralized exchanges are forced to comply the greater the chances decentralized exchanges become more and more popular, and they can finally begin to rival the volume of their centralized counterparts.

Before popular centralized exchanges, decentralized ones were known beforehand, such as decentralized exchanges in the past which were the most widely used, namely Etehrdelta with a simple user interface but made many contributions to other decentralized exchange developers.

Nowadays when centralized exchanges become the most widely used exchanges, customer trust is undermined by various kinds of hacking and misuse of customer funds. and the centralized exchange that is still standing strong today is Binance and I am also still using it, Binance is charging SAFU's current fund of $1 Billion for user asset security.

I have no opinion, I think the more the better, so that the best exchanges can be precipitated, which can make our assets safe and prevent us from being manipulated by centralization.

It is really scary, many people lost their fortunes because of this, and because of this huge incident, we began to reflect on how important the importance of asset security is to the industry.
I think encryption is still in its infancy, and even user assets have not reached a safe state, which is completely unacceptable, and the best decentralized exchange must be precipitated.

I'm afraid you're right, mate. With increasing regulatory pressure from mainstream governments, developers of DEXs would have no choice but to make KYC mandatory to prevent their project from being shut down for good. Once that happens, there would be virtually no difference between a decentralized and a centralized exchange. What makes a DEX unique is the ability to trade cryptocurrencies without revealing any personally-identifiable information. When you add KYC to a DEX, you'd be introducing a single point of failure (which is something crypto/Blockchain tech was meant to avoid in the first place).

Crypto is heading towards a dark future after the Terra/LUNA and FTX collapse, so we should expect further centralization down the road. Just my opinion. :)

Lack of liquidity means something totally different from what FTX was also having as their main problem. This is why it's clear that we shouldn't really consider doing any business with them, they ended up not with just liquidity problem, but faking the liquidity and the numbers in users accounts as well.

You may have seen some money in your account, but in reality, it wasn't there so all the liquidity was fake basically, money that didn't exist and yet they made it look like it was there. All in all, they are liars, and maybe they didn't want to end this way, but it did and all of it was because of them and there is no turning point for them out of this mess, it’s over.

^This is the problem with the decentralized exchange, lack of liquidity but I think it has a solution to this problem. If all traders will go to a decentralized exchange and use like they forget to use a centralized exchange, this liquidity problem will be solved. Because there are a lot of traders, the problem is using a decentralized trading platform is not good for beginners because there is no representative or customer support to help you once your money is lost. We are hoping that this will happen, traders should know that it is better to use a decentralized exchange than the centralized exchange that controls our fund. Those centralized wars exposing their shits will really help us.

I can also add what makes DEX unique. It's the ability to pay for a transfer and not get the service required. Many people don't want to mess with DEX because the hassle with smart contracts and their calling, which costs money, is sometimes discouraging. CEX is much easier for the average user who doesn't want to deal with all the smart contracts, bridges, blockchains, wallet connections and stuff like that. He just needs to quickly and conveniently exchange one currency for another without any slippage, without any fees for calling up a smart contract and cancelling the exchange due to incorrect or expired quotes.

Fees are a huge problem, especially when people are required to pay each time they perform an action on a DEX. I guess that's why many won't abandon centralized exchanges even though these don't provide self-custody of coins. If developers would've improved the user experience of DEXs, such platforms would've been a big hit by now. Fortunately, there are Layer-Two scaling solutions being built on popular blockchain networks (mainly ETH) to help address the "high fee" issue. I think this may just be the beginning of a long journey for DEXs.

As with any new technology, there will be flaws and many other issues. But things will improve as developers continue to put their time and effort into it. Maybe sometime in the future DEXs will become a viable alternative to CEXs? No one can predict what will happen in the long term, so we can only hope for the best. Just my opinion :)

To be honest, the handling fee is nothing compared to the centralized exchange cheating my money. When you are maliciously liquidated, when the exchange unplugs you, when several exchanges cooperate to short When using Bitcoin, you will feel that this fee is too small.

if you ask about safety of course decentralized exchange over centralized exchanges.
bcoz user's have no control with cex, after will make deposit on the cex btw in the dex user's can anything and there are no need to complete kyc also no registration. only a reason i don’t like dex, bcoz it’s lack of liquidity.

The FTX issue didn't really kill CEX as a marketplace, it instead killed the idea that exchanges are supposed to be used as wallets, if I were to make it easier, it's like a small part of its entire existence was finally brought to light and was finally realized to be dangerous. It might actually just make other exchanges grow really, and more laws and regulations be placed so as to avoid the same issue from repeating itself. DEX would stay as well imo, there are some people who still like using it and with a market, the business would naturally stay as well.

In my opinion, the future of decentralized exchanges is very promising especially when it comes to security. You have the keys to your wallet when you are trading on decentralized exchanges of which centralized exchanges does not offer - which is the main advantage of decentralized exchanges over centralized exchanges. However, decentralized exchanges (DEX) have some limitations when compared to centralized exchanges. Centralized exchanges enables users to trade on many crypto assets while DEX only deals on one blockchain network except for DEX that have bridge capability such that you can trade on different blockchains which is still limited in most bridge DEX platforms.  However, Centralized exchanges have their peculiar benefits which will continue to be attractive to users. What is important for traders is to ensure they trade/use only the funds they can afford to lose in centralized exchanges since they don't have the keys to their wallets, while owners of centralized exchange platforms will have to take extra precautionary measures to ensure that investors funds are safe and secure. FTX collapse should be an eye opener for both investors and owners of crypto trading platforms.

Not true. There's Kucoin still at large and they don't demand high transaction fees.
That's my number 2 go-to exchange and it doesn't change up until now. I still cannot find a worthy competition to switch to something new after Poloniex failed me before due to customer support issues.
Decentralized exchange had been a big question before on where they keep the seed phrase of their customers, it's also prone to hacking and we don't want that happening.
I don't want to be a hypocrite but that's the truth imho, I'd choose reputable CEX than risk it with DEX.

yes, most important fact is kucoin doesn't require to ask kyc that is a big reason it is my most favorite exchange even sometime it is my first priority than binance. lowest transaction fees and opportunity to trade minimum 5$, it’s right peoples still trust centralized exchange over decentralized exchange in various reasons.

Decentralized exchanges are the future IMO, as people have lost faith in centralized exchanges. Yes, you have to pay the gas fee on every transaction but it is still good at least these funds will be in the wallet whose private key you have. Because we have seen that people who trusted these centralized exchanges had held their funds in their wallets they lost their funds. And we saw the way the founders of the centralized exchanges Gambled (https://bitcointalk.org/index.php?topic=5431177.0) with their user's funds.

They lost it, and they'll find it. Is this the first time? It was so in 2018, now it's lost in 2022. If things worked the way you describe, many altcoins would never be popular again because people lost faith in them. The market is cyclical, so the bearish sentiment will disappear very quickly with the arrival of money in the crypto market. With the money coming in, more trading on the exchanges will start again and people will start making deposits there with the former popularity, and maybe more.

It is undeniable that the FTX incident really rocked. especially now that there are several issues related to centralized exchanges that are associated with various regulations and laws in a particular place or country. This is really going to be troublesome and worrying. Indeed, nothing is safe in centralized exchanges because of this incident. With this, that's why at this time it's possible that many people are finally starting to study and explore Decentralized Exchanges where we can be more flexible to manage ourselves there without having certain conditions like in CEX. Not only that, DEX is not regulated by the government so that it is possible not to have significant problems with various government regulations so far.

Binance was like that before, actually, they're bought popular but it just so happen that Binance has taken the spotlight and became more popular.
But until kucoin becomes on the eyes of the regulators, it's not going to be long that they'll start asking for KYC for all of their level 1 customers. Just as binance, they have enforced it to all of their customers and if you don't, you'll be asked to just withdraw your money and that's the only feature that will be allowed if you're not kyced complete.

The attention given to decentralized exchanges is shortlive.  People are still int centralized exchanges because of the ease of using and the availability of tokens to be traded.  Aside from that there is also an issue with liquidity because I personally experienced that trading in centralized exchanges gives better profit than trading on decentralized exchanges. 

As a trader, I would go where there is more profit and that is using centralized exchanges.

even though some exchanges like binance and any similar platform was said to be relatively unsafe mainly because there has been so many incidents involving similar platform and causes the masses to lose their money, I think the average people would just stick with this platform because of simplicity and convenient, the thing is, the flow of exchange like uniswap is still quite confusing for some people which don't really know technology very well.
even though i'm sure that even in the future both platform will still coexists just like right now.

Even decentralized cryptocurrency exchanges' own tokens or defi projects' own tokens are competing to be on Binance. We really live in a great contradiction... Of course, there are several logical reasons for this, but by now decentralized exchanges should have been more popular and had market dominance. However, there is no such image in the market. I want decentralized exchanges to be in a better position, but I don't have optimistic forecasts about them when I'm realistic...

let's face the reality that we still need the services of CEXs. we can't get it all from DEXs. but when you deal with any CEX, make sure the platform is reputable. at least you can get in and out your money without any trouble. also, there are services in CEX that you can't find in DEX, like p2p services, where you can convert your crypto directly to your own fiat. mostly DEX are offering USDT or other stable coin. definitely, the need for DEX is always there, however, it depends on the platform itself how they will survive with the competition, just like with CEXs.

P2P is also available in DEX, but in my opinion, it is less secure than CEX and less diverse than CEX. DEX has many shortcomings compared to CEX and I doubt that DEX can surpass CEX in the future. The most important feature in CEX I think is trading, no other DEX can offer trading and as many pairs as in CEX. That's why if centralized exchanges have more crashes and more scandals, it's still used. Traders have almost no choice but to CEX.

For me, Centralized Exchange will stay and Decentralized Exchange will too. There will be more adjustments,s especially in trading volume, if the issue just like what happened to FTX Exchange will continue with other exchanges, I believe that people will start not to trust centralized exchanges anymore, they will just deposit on centralized when they want to use and for sure volume of decentralized exchanges will increase massively.

Unfortunately market is not going to change bit. Though we had bad experiences about the centralized exchanges and which is nothing new, people have always invested heavily into them and only use them for the purpose of volume, quick payment methods, staking features and high liquidity. They know that these features can not be provided by the decentralized exchangers. If they do then they are mostly shitty and not up to the standards of centralized exchangers. Obviously the second one has high roller investments, they can easily put money into the feature addition and do it with hired employees working around the clock for them. Considering all these facts I hate to say, decentralized exchanges won't be around in the future. May be centralized one will get stronger, will give more freebies to attract more commission and  investors.
 

Everything is turning centralized these days. You can thank the government for that by introducing fierce regulations across the crypto industry. It's this reason why decentralized exchanges can't succeed in the mainstream world. Centralized players dominate the industry by a large margin, so DEXs will only remain as an alternative (rather than a replacement) to those who need it the most. Not even cross-chain atomic swaps will save the day.

People want convenience, so they will choose centralized exchanges even if that means trusting a third party to help secure their crypto funds. It's a dark future ahead for crypto/Blockchain tech. Only those projects that remain decentralized will be able to stand the test of time. As long as there's resistance against full centralization, we should have nothing to worry about. Just my thoughts ;D

The thing is, the first ever problem with centralized exchanges were mt.gox, something that had nothing to do with crypto at its starting concept, that became a huge bitcoin exchange and got "hacked", don't know if that's true or not but that's the issue.

I personally need to explain to people that we moved on from mt.gox and still kept using it, dozens more crashed and got hacked and so forth, maybe over a million bitcoins (which is huge in a 21 million max supply currency) was lost from users, and yet we are still using it. Why? Well my simple understanding is that even if the money is gone from one user, it is at another user, and if not, then it's gone and leftover bitcoins are more valuable.

I agree and also think that people at least users here in the forum have got a big warning in the Service Discussion to remove all their hard earned cryptocurrencies from centralized exchanges long before the FTX drama.Before FTX some other big one was the first of such level to fail and people panicked all over and also there were users complaining here so from that day there are warnings from reputable members of the forum to remove money from centralized exchanges,sometime not long ago also in the news when we just log in in the forum were a big message,please remove money from exchanges something in these lines as I don't remember well now.

That’s the safest way to keep your funds instead, keeping them into non-custodial wallets. However, for senior citizens and those who are illiterate, who are still hodling their coins, I guess it’s hard for them to manage their hardware wallet and it would be better to just trust those centralized exchanges that have remain reputable and are still not hacked at the moment.

Most probably, smart investors will focus more on the security of their funds, and might also transfer their funds from centralized to decentralized exchanges. After the event with FTX, even those reputable exchanges that we trusted at the moment, have also higher chances to be hacked in the future, so we should be more careful by now on where to put our funds that can be well safeguarded. If there’s one good thing that this FTX incident can offer, I think people now have become mindful in all their investments and assure their security by trusting them on decentralized ones.

I don't see any nominal growth in the volume of Dex and the problem with DEX is its not user friendly along with not appropriate for fiat trades so its still not under the alternative list of centralized exchange but I hope in future the things may change and more people will look into the DEX.

Also the exchange has to upgrade atleast better UI so the users will feel the ease of usage.

Undesired events like the Mt. Gox and FTX collapses can't be avoided due to the risks of centralization within the crypto/Blockchain industry. But I believe this will make crypto stronger than before as decentralized solutions gain traction in the mainstream world. Decentralized exchanges may not be popular now, but they will be when centralizing forces continue to minimize trust among traders and investors alike. There are already solutions in the works, to make DEXs as fast and cost-effective as their centralized counterparts. With L2 off-chain scaling, self-custody, and even Zero-Knowledge Proofs, DEXs could rival CEXs within the not-so-distant future. Who knows what would be of the crypto market in the long-term? Just my opinion :)

Decentralization will become the trend of the future. Decentralization promotes security, transparency, financial inclusion and regulatory clarity, and empowers individuals. People then trust decentralized exchanges more than they trust centralized exchanges.

Decentralized exchange has a fiat pair too, not only coin/coin. Also the UI/UX isn't that bad, it's still user friendly, people just don't want to learn about it. The first time when they use centralized exchange, they also don't have any idea how to trade their coins and willing to learn to explore the site. So there's no excuse to not use decentralized exchange due to not friendly UI.

Wrong, you must compare the trading volume in centralized exchange and decentralized exchange first, without any data you're just talking non sense.

It is uncertain how the recent news about FTX will affect the popularity of decentralized exchanges versus centralized exchanges. Some people may view decentralized exchanges as more trustworthy due to their decentralized nature, but centralized exchanges may still be attractive due to their convenience and functionality. The adoption of decentralized or centralized exchanges will depend on user preferences, exchange features and services, and market conditions.

Decentralized exchanges are better than centralized exchanges because you connect your wallets to their decentralized exchanges for trading. You own keys of your wallets so in theory, you and your coins are safe.

However, you must know that decentralized exchanges are not 100% safe to use. If you connect your wallet to a scam decentralized exchange and give it access to your wallet, if it is a scam exchange, they can move your coins to their own wallets.

Generally decentralized exchanges are safer than centralized exchanges if you use a trusted DEX.

This incident had a huge impact on the industry, and many exchanges have learned from it. Decentralized exchanges are not completely safe, there are many exchanges that claim to be decentralized, but in fact they are still centralized. The FTX incident will bring more attention to decentralized exchanges, and it will become a popular and relatively safe way to trade cryptocurrencies in the future.

Centralized exchanges and decentralized exchanges must coexist. The assets of decentralized exchanges require users to protect their private keys or mnemonics. To a large extent, the task of centralized exchanges is heavier. In addition to protecting The assets of good users must also actively respond to hackers' theft. In addition, it is hoped that all governments will implement stricter supervision on centralized exchanges in the region to prevent the founders of centralized exchanges from doing evil.

If I were involved in the regulation of crypto-exchanges, then it would not matter to me which exchange it is. Each address must go through the KYC procedure. If the address did not pass this procedure, then it should not be in the white list. If the project does not meet the requirements, then its leaders will be in jail. KYC operators will be appointed by the regulator.

I think even the users of decentralized exchanges are exposed to breaches, because there are many aspects user should take care of when dealing with decentralized exchange, I see them as dangerous as the centralized ones for unexperienced people, for example, you might join false link and connect your wallet to, or lose a lot of money to pay unexpected fees. Moreover, some decentralized exchanges proved to be collecting users' info and some of them stated that they will apply KYC.

I am not sure if people will prefer to use Uniswap or PancakeSwap in the future. I believe people won't stop to use top CEXs like Binance, Kucoin, Coinbase, or Kraken because they have good features for trading and have big volumes as well. But people will be more careful to manage their tokens, they probably won't keep their coins on CEXs for a long time anymore. They are aware that keeping coins on CEXs is high risk, CEXs can have a problem at any time. They can't secure their coins because CEXs that have a full control to the coins.

Decentralized and centralized exchanges has it's own advantage and disadvantages and it will all depends on the user on which weighs more. I personally prefer using decentralized exchanges but I still use my centralized exchanges for some pairs and other things such as P2P trading but I don't store a big amount of crypto on centralized exchange given that there's a risk in it. In the future when decentralized exchange caught up to the pros of centralized exchange, I'm pretty sure the users of decentralized exchange will overlap the reigning centralized exchange. Also, People will introduce their preferred decentralize exchange first into newbies unlike last bull market where majority of newbies only knows the famous centralized exchanges.

Yes, we community does really have on being decentralized but we cant really avoid nor ignore that there are things which we do mainly need and this can be only be seen on centralized ones specially on crypto to fiat
conversions which is something that you cant done on a DEX and its one of the cons but when it comes to security then there's no doubt that DEX would be the key.
This is why its subjective and its really that obvious on what places is really making that huge volume and liquidity due to those factors which it isnt really that surprising.

Despite the setbacks in 2022, decentralized exchanges will have a bright future with a twisted development path. Centralized exchanges like Binance have been of importance and this will continue in the future as well. The best outlook is for CEX and DEX coexistence for a long time. Actually I firmly believe that the combination of both or more options is always in users interests and to eliminate one thing or another is just naive and incompetent to deal with problems.

i can't left from centralized exchanges, it is my first priority than decentralized exchange, the reason of it’s some features,
such as i trade in p2p on binance and kucoin exchange,
it is a big advantages to use centralized exchanges even though cex is high risk instead of dex. 

Indeed, CEX is appealing because of its convenience, even though it is not safe. Users pay for convenience with additional risk for their money. Frankly speaking, I can't completely reject centralized exchanges either, because it is more convenient to trade there, there is no slippage and it is much more convenient to exchange different coins or withdraw profit. As long as cryptocurrency is dominated by fiat, people will not give up centralized exchanges.

Well, there's still a future for decentralised exchanges. Generalizing the incident won't even have contribution with this technology in general and to investors as well. Not all exchangers are negligent with their funds. Observe as well the number of incidents rekated to what happened 'coz on my awareness, there's only a few. Decentralised exchangers in this industry are still more preferred avoiding taxes from centralized ones and ofcourse anonymity with your assets. So I still believe that there's a bright future ahead.
Coexistence Indeed is more likely to happen. Centralised and decentralised exchangers has their own advantages over one another. It is just a matter of preference for the investors or users whoch simply makes sense.

FTX isn't the first CEX to have an anomaly and yet the attention of people are still in the CEX so I don't think we will see a major change or shift. There's just something with the CEX on why people can't leave it. In terms of trust. I think this will depend on the company and not if it's CEX or DEX. Not all DEX are trusted anyway but there's also a lot of shady and buggy DEX that have been reported before.

Binance isn't the only CEX that is standing but there are still lots of them. I do not think they will slowly follow the path that FTX take. In fact these exchanges are only trying their best to become the number 1 crypto exchange. They won't waste their hard work for nothing.

I don't understand why people always take the death of FTX to say that Binance will also go the way of FTX or other centralized exchanges will also die. Exchanges like traditional companies, there will be companies that will survive over time, and there will also be companies that go bankrupt, if viewed more fairly, this is actually normal. Look at the Coinbase exchange, it was founded in 2012 and still exists today, why no one talks about its sustainability?
Many people don't like centralized exchanges, that's not wrong, but there's no denying their role and importance in the market, without us we would have had a lot of trouble trading daily.

Whenever some issue arise with the centralized exchanges, people starts to discuss about the decentralised exchanges usage. Within specific time once again people starts claiming CEX to be the best as it gives the ease of access and support can be requested on need. However decentralised exchanges have the real good in it, and the volume requirement keeps users away from using it. With time this will change as people find decentralisation good against the centric power.

Indeed, decentralized exchanges are safer for us to use, but there are often problems when we swap. This makes us uncomfortable to use it. Apart from that, many tokens specify high slippage fees. Indeed, centralized exchanges often get into trouble at the moment, but if we can avoid it by not storing large amounts of money in one exchange.

Understanding that people do not really "need" it but prefer it is the number one step. Too many people act as if we need it and its a must and the world will go from CEX to DEX when a good one comes out and so forth.

Reality is that, there are some people who prefer DEX and some prefer CEX and it will stay that way forever. Doesn't mean its not good, doesn't even mean its not better, it just means even the shitties CEX's will find some customers with right marketing and that's it. Its definitely a good thing though, because it allows people to use whatever they want and not be forced into one or the other. That optional thing gives importance to our preferences.

I agree, it depends on the preference of the user but sadly most user prefer the convenience of the CEX because there are way lots of trading pairs available on the centralized exchanges, besides they do not have to move from one network to another just to trade their cryptocurrency unlike in swaps and Dexes.  I think even with all the fiascos of centralized exchanges, it will be the preferred exchange because of the convenience it offers.

Yes, legal currency is now a problem that must be completely resolved between the two, otherwise users will not be able to fully migrate to decentralization. If decentralization is more convenient, cheaper, and can solve the problem of legal currency, then I think there is no reason not to go to the center chemical exchange.

Decentralized exchanges will be "discovered" by everyone. Many centralized exchanges have been hacked, and the news of money being stolen is one after another. Because of previous habits, people always trust third-party agencies very easily. Centralized exchanges still have a certain place in people's hearts, they don't fully understand, they think third-party organizations can be their "backer". I would not put my money on a centralized exchange. It cannot be denied that I still need to go to the centralized exchange. This does not prevent decentralized exchanges from being the future trend.

DEXs are too complex for an average person to get ahold of, so don't expect CEXs to go anywhere soon. People will just be more careful when depositing their coins in a centralized exchange. I'd expect CEXs to be required to disclose their reserves by law (Proof of Reserves) to gain investors' and traders' confidence. It seems to me that CEXs will be treated more like financial institutions (banks) after what happened with FTX lately. This means tighter regulations that will make both the exchange company and the customer's life impossible. There's nothing we can do about it, especially when we let Wall Street take over the industry for quite some time. Crypto/Blockchain tech will be driven away from its core principles of decentralization because of this.

DEXs will still exist in the future, but the number of people using them will be very small compared to CEXs. They will have a future as long as developers continue to improve them. Long-term speaking, DEXs will be able to live alongside CEXs allowing people to choose which platform to trade based on their needs. No one can predict the future, so we can only hope for the best. Just my thoughts ;D

The future of decentralized exchanges will grow but centralized exchanges will continue to grow too. The features offered by centralized exchanges are just way too good that it is hard to stop using them. People learning from the previous tragedies of FTX and others will continue to use centralized exchanges but they will not store big amounts as before. Active traders will be the only ones that will leave their funds in centralized exchanges. I am sorry but active trading on decentralized exchanges isn't as convenient as centralized exchanges.

Cryptocurrencies are about decentralization right? So, there will always be a room for decentralized service such as DEXes. Hacks, frauds, scams and like which have happened in centralized platforms are not new but most that we saw before are only small and maybe that was also the reason on why people are seem to be unaffected and persist to carry on, in using them not unlike nowadays where big negative news are appearing.

I guess that's because cryptos have also evolved or have improved too much. The more big centralized platforms experienced an issue, the more the people will also realize that decentralized platforms are the ones which are truly worthy to use.

That type of proof would be very awesome. If they were forced to show it to just auditors that would be enough, they shouldn't be forced to show it to the whole world, but the government people should be given a right to go in and check and tell the world how much they have.

For example, if a company says there are 100 million dollars worth of crypto in them, like users funds, but then have 80 million, then government should know about this and warn them first but then also let the people know as well. Otherwise, CEX's will keep doing what they want to do, it's like a big ponzi scheme in there and they are surviving by people trading and depositing more money.

I agree. I don't think most people can catch up with DEX that easily. In this day and age wherein a lot of minor inconveniences are considered as 'problems' by a lot of people, you wouldn't expect them to try and go learn about DEX themselves. It's quite ironic when information is readily available, but people still stay uninformed. CEX provides that easy access and an overall smooth transaction for the average Joe, and DEX is for those who seek added security and anonymity in dealing with cryptocurrencies. It will remain as a separate niche for a long time, and CEX will surely eat the bigger share of the pie until then - though that doesn't mean that DEXs would be gone. They're just not going to be hosting a lot of volumes that's for sure.

That's true, people doesn't want to strain themselves. They need an easy access and smooth experience with exchanges. This can't be expected with DEX, because each and everything is our responsibility and we should have the learning to manage things. The easy access through centralized exchanges make people stay within it and never think of the alternate. Things will change over time and within that a big part will be within the CEX as mentioned.

DEXs have many flaws, so it's unlikely they'll replace CEXs anytime soon. Despite this, I still believe they have a future because developers are working on improving them every step of the way. L2 scaling solutions, and ZK-Proofs will make DEXs as comparable as CEXs someday. These last ones would be more regulatory-compliant because of the way they were designed.

In the future, people will get to choose an exchange depending on their needs. If they want anonymity and control of their funds, they'd simply use a DEX. But if they want ease of use or more liquidity/trading volume, a CEX would be the only way to go. It seems to me that CEXs and DEXs will co-exist for generations. Just my opinion :)

More Exchanges are yet to come in the future. And I have seen many more exchanges in the twitter regarding their upcoming features, may be there will be a decentralized season for a time, And we all are know the world first and best centralized exchange is Binance and it has taken the position due to its security.

Decentralised exchanges have been around for a long time, but for some reason not many people use them. I am referring to real multichain DEX. Probably the difficulty is that it is easier for a simple user to trade on centralized exchanges and not to think about anything. It becomes a good lesson later on. But still the perfect DEX is not even developed yet, it will be much later.

Cryptocurrency and cryptocurrency exchanges are expected to be further regulated by states. Therefore, it is unlikely that we will be able to see exchanges completely independent of the states in the future. But this process will be long and will occur with varying degrees of success. But in general, cryptocurrency exchanges will be forced to at least provide certain information about their customers to the relevant government authorities. Perhaps decentralized exchanges will only be able to stay in some offshore zones.

I think that is not really as decentralized as people expect it to be. The dex that we know came out around in late 2020, early 2021 and that is something people have been using for a while now. I am not saying that it will be the only way, there will be other methods but this is definitely something that we will see for a long time.

As it is right now, I believe that we are going to end up with a greater return for the DEX investments and we should be investing into the tokens of them and it will definitely make a profit. This is of course important if we are talking about a good one, there are many terrible ones where dev only wants money and nothing else.

Truth be told there is no fully decentralized exchange currently in existence, this is just a fallacy and myth and dexes are partially centralized in my opinion.

Decentralization is just a goal for ecosystems like Eth, EOS ( the supposed Eth ki*ler )and cardano. They all yearn for it but in truth, our finance is safer in our Cexes than they are in the Dex, and so we keep running back each time we try to go fully decentralization.

Look at ETH they still haven't figured out the #EVM machine yet greatly affecting solidity developers all over the world, we are not yet ready for full decentralization.

Couldn't agree more with you, mate. The vast majority of DEXs are not as decentralized as they claim to be. One way or another, they depend on centralized infrastructure for greater accessibility among its users. Many of the DEXs we know and love today are hosted on centralized servers, while they point to domains controlled by the ICANN. We can't achieve full decentralization this way, when there's a single point of failure.

When developers start building DEXs independent from centralized infrastructure (not using centralized TLDs, hosting the front-end interface on IPFS, etc), crypto will be able achieve its full potential. I've tested every DEX out there and it seems to me the only truly decentralized ones are: Bisq, Block DX, and atomicDEX (using cross-chain atomic swaps tech). The rest are simply hybrid exchanges which make use of both centralized and decentralized technologies. Centralized exchanges are still relevant these days, so don't expect DEXs to replace them anytime soon. At least, people have a choice. As long as decentralization is preserved, nothing else matters. Just my thoughts ;D

I think not all decentralized exchanges are perfect. While most DEX are still less intuitive than some other centralized exchange platforms, Decentralized exchanges are generally fully permissionless meaning anyone can use them and allow users to maintain full control over their assets at all times.

I don't see any nominal growth in the volume of Dex and the problem with DEX is its not user friendly along with not appropriate for fiat trades so its still not under the alternative list of centralized exchange but I hope in future the things may change and more people will look into the DEX.
Also the exchange has to upgrade atleast better UI so the users will feel the ease of usage.

I think that in the future decentralized exchanges will still have a place in the crypto world.  Even though FTX is a fatal flaw in decentralized exchanges but I think it will not immediately make decentralized exchanges experience a decrease in users.  I am sure that in a few years the decentralized exchange will still be used and I myself am happy with this decentralized exchange.  I'm still confident about binance's performance and I'm currently looking at crypto.com and I think it's going to be a big player in the cryptocurrency space in the future.

Decentralized exchanges can never be like centralized exchanges, they don't share the same properties, centralized exchanges are custodial which means everything is under their care while decentralized exchange gives you the protocol level to operate on while you have the control of it since you handl the private key to your wallet. When decentralized exchange start having features of centralised exchange, then it is no longer decentralized any more, there should never be a middle person in decentralised exchange. It wouldn't be bad if DEX can streghen their security features for maximum efficiency.

When you know the importance of decentralized exchanges, especially those that we often used in the past, we always wanted to have something like that right now and especially in the future. Most of the centralized exchanges that we have today is requiring us some Identification to make some transactions and back then, we don't have this kind of thing because they only required it for the one who will make huge money transactions today centralized exchanges have been updated and no matter how much you transact, you always need to pass their KYC.

DEXs may have their own set of issues, but they're still a better choice than CEXs. There's no one in control of your hard-earned crypto except you. Developers are working hard day and night to improve DEXs, so it should only be a matter of time before they become a "force to reckon with". I've used Block DX in the past, and the experience was great. I think it's the best DEX available right now.

With increasing regulations from mainstream governments, people will flock to DEXs for complete freedom and financial sovereignity. I see a future where DEXs and atomic swaps will become as comparable as a CEX in terms of user experience and performance. This is just getting started, so I'd suggest you go all in before it's too late. ;)

I truly wish that your prediction would be right on this. Maybe if value will be as hard to control as torrents they will need a whole another approach. However at the moment it seems that regulators are "winning". i have already se my mind on accepting regulations and i am interested how complying with regulators and using permissionless, private transactions will go together. Or if they ever can even live side to side.

If the DEX complies with regulators' demands/needs, then it wouldn't be a DEX anymore. That's because the so-called DEX would need a middleman that would verify the ID of customers (KYC/AML). The whole purpose of crypto/Blockchain tech is eliminating the middleman, so I fail to see how DEXs will challenge CEXs in the long run if they become exactly the same thing. Privacy/freedom/decentralization cannot go hand-in-hand with regulations/VCs interests.

The industry is in need of decentralized alternatives to help fight governments' attempts to "destroy" crypto. Ultimately, the community will decide the path forward for "the revolution". As long as decentralization wins, there should be nothing to worry about. Just my opinion :)

That type of "decentralized that is centralized is beyond bonkers if you ask me, that is the whole trouble with it and I think that is going to end up with some issues as well.

There will be plenty of people who will think that it's actually decentralized and not realized that there are devs at the top, they could literally just close the website, simply not paying domain would do, and suddenly it's all gone, sure you could extract it directly from the chain with emergency withdrawal, but imagine how much chaos that would be to begin with. Hence, I believe that we should be careful about which place we put our money in before we make any decisions.

I think, that decentralized exchanges definitely have a bright future and are here to stay. I also think though that centralized exchanges also still have their right to exist and that there will always be centralized exchanges out there and that is not a bad thing. Of course a CEX has the big disadvantage, that a user is not in control of his funds anymore as soon as his money is sent to the CEX wallet, because he is not having the private key to that wallet obviously. So there is a fair bit of trust needed to let your funds on a centralized exchange because there have been hacks and also scams in the past that led to big losses of funds that were stored on a CEX.

It's difficult to predict with certainty how the market will react to recent events surrounding FTX Secrets and whether it will impact the popularity of centralized exchanges (CEX) versus decentralized exchanges (DEX). However, it's worth noting that DEXs have been steadily gaining attention and usage over the past few years due to their benefits such as greater security, transparency, and user control over their funds.

The emergence of hybrid exchanges, which combine the best of both CEX and DEX, could be a promising development in the industry. These exchanges aim to provide the security and control of DEXs, while also offering the speed and liquidity of CEXs. This could potentially appeal to traders who are hesitant to fully trust either type of exchange on its own. One of example of this kind of hybrid exchange is a new project called BIOKRIPT which is the first hybrid syariah-compliant crypto trading platform in the world.

In terms of specific DEXs, Uniswap and PancakeSwap are currently two of the most popular ones, and they may continue to gain traction as more people become familiar with their features and benefits. However, it's important to keep in mind that the crypto market can be unpredictable and subject to rapid changes, so it's important for traders to do their own research and carefully consider the risks before making any investment decisions.

The decentralized exchange itself is not perfect, of course I am referring to the current price range. First of all, digital currency is not a mainstream currency and cannot be used everywhere in daily life, so the functionality of decentralized exchanges is relatively simple. In addition, most holders of digital currency are for investment purposes, and they need to convert investment income into US dollars or other legal currencies to use. Although decentralization is the future trend, many centralized exchanges in Baolun are also actively promoting the decentralization of their own exchanges.

  -   For several years there have been DEXs in this industry, if you ask me which is better to use DEX, the only problem is that I have not seen a DEX that has p2p features like other centralized exchanges. Please correct me if I'm saying this wrong, maybe because later I just didn't know or notice.

But for now, the DEXs okay in my opinion are quickswap, Pancakeswap, and others I won't mention here.

Decentralized exchanges have been gaining popularity due to their transparency, security, and lack of central authority. While Binance is still a popular choice for many, the shift towards decentralized exchanges such as Uniswap and PancakeSwap may continue as users seek a more secure and reliable option.

Do you think people will prefer to use CEXs in the future?
We know there are many bad issues with CEXs now. After FTX crashed severely, many people doubt to use CEXs, right? Although they don't leave it totally, CEXs reputation is decreasing. Don't you think it is a sign that people will trust on DEXs in the future?  ;D

However, if we consider about the features of CEXs and DEXs, it seems CEXs is still more comfortable. The volume of crypto coins is also higher on CEXs. That's the main reason why people still choose CEXs nowadays.

But not would equal to those CEX when it comes to popularity considering that DEX is really that recommended if we do speak about security of our funds but we know that there are CEX features which cant be outmatched by a DEX and this is why its not shocking nor surprising  on why it is really getting more support by the community. The liquidity and volume is the proof that majority of us do really loves to hang out
with these centralized platforms.Yes, we do know the risks but we do let it aside considering on the perks and the usefulness on dealing up with these platforms.
It is really just that we do need to bare up on what dangers it do poses later on.

Yes both CEX and DEX do have their own advantage and disadvantage but I think both are important in crypto market and It will US users who will suffer incase one of them didn't exist. It always better to have choices. I personally use both, CEX for it's features that don't exist on DEX and the ease of use of it. It is also much easier to introduce a newbie in a friendly environment that a CEX have and bring them toward DEX when they have the necessary knowledge of how crypto works. Sooner or later, I hope that we can see DEX that will offer features CEX. When that time comes, I will probably go on an all in use of DEX.

I think, the future of Decentralized exchange looks promising as it offers several advantages over centralized exchanges. However, there are still some challenges that need to be overcome to make it more accessible and secure. As technology is constantly evolving, it is important to keep an eye on new developments and innovations in this space.

There is no good growth in dex volume so far, the likes of GNS and GMX exchange are increasing in volume but not close to those you can find on swap platforms like Uniswap and 1inch, it seems people just like Centralised exchanges more than Dex even if they don't trust them as much, the usability of centralized exchange can't be compared to that of Dexs.

I love mere existence of decentralized exchanges so far. But it is very hard for me to say that we need more decentralized exchanges in crypto world. Uniswap and Pancakeswap seem enough for me. I used them both. Especially experience with pancakeswap is so good and easy, user interface is so eye-candy. I wish they develop more things on dexes tho. Other than pools and farming I want opportunity with different topics, like airdrops, nfts, contests and such.

I think marketing is the most important one. Even though we say that it is decentralized, there is this small profit that goes towards the team that built it, and that profit should be used to market it a lot better.

You think things like pancakeswap, which is the biggest decentralized exchange in the BNB world, has no profits? They take a cut from every single trade made there, they can't intervene, they do not have any control, that is why it's decentralized, but they still do get a cut which is their profit, which was in billions last I checked. If they start spending that money, spend even just 100 million, which they can afford to, they could do marketing beyond anyone's measure, it would be all over the world.

People will still trust well-known exchanges such as Binance for example. Because there is a large selection of pairs to trade and more options compared to dex. It's just that users might be careful not to store large sums there.

Decentralised exchanges will be here forever and will have different kinds of better features with time. Because more developers are getting to have more knowledge on how to make exchanges work well without funds being controlled by any centralised entity. Also, we are now having different kinds of decentralised exchanges which is making it look like the improvement we are expecting are beginning to come.

The future is brighter for decentralized exchanges, you can easily tell by using the defillama website to track how many volumes are entering into decentralized exchanges, the number has grown higher a few weeks after FTX craziness ongoing, I think people are now realizing how important decentralized exchanges compare to centralized exchanges.

Both will always be there to complement each other, there is no need to compare which one will be at the forefront of the two because everyone has different preferences, those who like speed in transactions due to high trading volume will choose CEX, which is more concerned with security, will choose DEX, and traders will consider which of the two will provide more profit, for example transaction fees and others which can sometimes become obstacles in transactions.

If CEX is going to fail in the future it will be in a slow movement, gradually people will keep losing interest in CEX and they will start paying more attention to DEX, but right now Binance exchange is still giving people hope, that CEX is not going away anytime soon, we know that Binance is more reliable than any FTX, if something happens to Binance Exchange there will be no single trust left to back CEX.

I agree with this because regardless of what the conditions are now it will be possible when they complement each other. The conditions are clear, they have their own strengths and weaknesses, so there is no end to comparisons like this, because our focus remains on what is best for one and always cornering the other for the two opposite camps. Rather than like that I prefer to use both of them to support my needs, what I can't do in centralized I do in decentralized and vice versa what I can't find in decentralized I will do in centralized.

There's been a lot of crackdowns into the crypto industry by mainstream governments (especially the US), so the more DEXs we have, the better it'll be for crypto/Blockchain tech in the long run. KYC is all over the place, hence the only solution would be to use a DEX that's outside the scope of the government. People are starting to recognize the inherent flaws of centralized exchanges (CEXs), so it should only be a matter of time before DEXs grow in terms of popularity and mainstream acceptance. Of course, we cannot deny the fact that fees are extremely-high on a DEX compared to a traditional CEX. Not to mention, CEXs have a better user experience and greater liquidity/trading volume than a DEX.

But I believe things will get better in the long run, as developers work hard on scaling techniques to help increase the transaction capacity of Blockchain networks. With L2 scaling solutions, you can say goodbye to CEXs for good. Who knows how far DEXs will go in the future? Just my thoughts ;D

Decentralized exchanges are becoming popular nowadays. Currently the number of DEX is also increasing day by day. But I would still put centralized exchanges ahead of DEX. Trading on CEX is easier than DEX. Also some CEX like Binance, Kucoin can do P2P trading which is not yet possible in DEX.

The Cex and Dex exchanges have the same goal, which is to provide services and convenience for traders and investors.

I like Decentralized exchanges because all control is in the hands of the users, no KYC needed and Fiat transactions can be done by P2P.
However I can learn from Dex like Etherdelta and Forkdelta, the developer had a bit of trouble with the rules and currently the exchange is closed

The FTX saga only gave cex a dent in trust. Even if a lot of liquidity moved to Dex platform the big chunk of day-to-day trading volume still happen on Cex. People are now more wary and aware of the dangers associated with having asset in a cex wallet but it doesn't stop them from trading there.

If the features provided by cex like diversity, convenience and etc are in dex maybe everyone will switch to dex exchange basically everyone expects cex to have a good level of security otherwise dex has to be more advanced.  dex technology must be developed again because traders and investors need convenience, privacy, maximum security, low costs and large liquidity

We really live in a great contradiction. Of course, there are some logical reasons for this, but right now decentralized exchanges should be more popular and have market dominance. I'd like decentralized exchanges to be in a better position, but I don't have an optimistic forecast when I'm realistic.

It is possible that decentralized exchanges will receive more attention after FTX secrets are revealed, but this will depend on how these secrets are used and what consequences they may have for users of centralized exchanges. However, the trust of users in decentralized exchanges depends not only on the disclosure of the secrets of centralized exchanges, but also on how safe and convenient decentralized exchanges are to use. Decentralized exchanges have their advantages, such as the lack of a single control center, higher security, and open code, but they may also have some limitations, such as a more complex interface and lower liquidity.

Isn't "atomic swaps" some kind of decentralized P2P trading? You just send one crypto to another person with the hopes of receiving the other coin in an automated manner (all through the Blockchain). The only downside is that you can't trade Fiat like you do in a traditional P2P exchange. But who needs Fiat, anyways? DEXs may have their own set of issues, but they're still a safer choice than trusting a CEX with your hard-earned money.

I believe governments will tighten crypto regulations which will result in a stricter set of rules for CEXs. People are already starting to become skeptical of CEXs, so it should only be a matter of time before adoption for DEXs increase like crazy. Who knows if someday DEXs will become as comparable as their centralized counterparts in terms of user-friendliness and cost-efficiency? Just my thoughts ;D

Decentralized exchanges will do well in coming years, people have seen how the SEC became a big headache for crypto exchange giants this year, the best time to switch for Decentralized exchnages is now, that's why projects like GMX, GNS, and others are growing fast In 2023, their TVL is very attracting, I recommend these two decentralized exchange if you are looking for a good one.

DEXs such as Uniswap and PancakeSwap have already gained significant popularity in the crypto community,

 and are known for their innovative features such as automated market makers (AMMs) and yield farming.

It's possible that these types of DEXs could continue to gain traction as more users become familiar with them and their unique advantages

DEXs have their own set of issues, which makes them inferior to CEXs. I guess that's why the vast majority of people haven't considered DEXs as an alternative to centralized exchanges (CEXs). Developers are working hard to ensure DEXs become as comparable as their centralized counterparts in terms of user-friendliness and performance/cost-efficiency.

It will take years, if not decades, before DEXs are perfected for mainstream use. If development continues, DEXs might overtake CEXs in the future. Crypto land is often unpredictable, so expect the unexpected. Just my thoughts ;D

Dex always better then CEX. Depositing something at CEX means handing over your assets to someone else.  So in this case no one can give full guarantee that your fund is safe. So dex is very good in this case and when you exchange a coin on dex it is exchanged and immediately returned to your non-custodial wallet.  So I think it is much safer than cex.  So I think the future of dex is will be very bright. Because big investors always  like Dex a lot

If I can be sure for sure I don't think anyone has dared to recommend it yet but if you look at the developments about the Future of decentralized exchanges (DEXs) it looks promising as it continues to gain traction in the cryptocurrency industry.

With the recent secret FTX scandal, people are becoming increasingly aware of the risks associated with centralized exchanges (CEXs), and are turning to DEXs as a safer alternative. While Binance remains a popular CEX, the rise of DEXs like Uniswap and PancakeSwap heralds a shift towards a more decentralized trading platform. However, the success of a DEX will depend on its ability to address issues such as liquidity and user experience, as well as regulatory challenges.

My other opinion is that DEXs have the potential to provide a more decentralized and secure trading environment, and will likely continue to play an important role in the future of cryptocurrencies.

indeed the incident that happened to FTX had a big impact on the crypto world because FTX is one of the biggest exchanges. but personally I still use CEX more often than DEX because for trading purposes I prefer to use CEX because in my opinion trading using CEX is easier and easier to monitor prices. I use DEX only at certain times, for example when exchanging coins that I get from bounties or airdrop.

CEX is more popular which I think is because of the known CEX today even though DEX there is a DEX since 2014 but still it cannot beat the popularity of CEX and volume traded on binance is not small so many people will agree that CEX is still used by many people regardless of what happen to FTX.

I think DEXes have their limitations and potential risks, such as high slippage and scam projects. CEXes also have their own weaknesses. So, I believe the future of exchanges lies in hybrid models that combine the best of both worlds. These exchanges could offer the security and control of DEXes along with the speed and liquidity of CEXes. This could be an attractive option for traders who are hesitant to fully trust either type of exchange independently.

That's not entirely true, either, if users have a lot of skills to appreciate what they're dealing with. Basically as a user I'll use all the platforms that are in my best interest, so in this market certain criteria that people set themselves as barriers to us being able to experience it better experience. When it comes to issues, it's important to look at their sides, not every downside, as we see how the market has changed positively over the years.

will continue to grow and also the cex exchange will continue to exist too, ftx news may make cex's image bad but it will not make cex no longer in demand, the point is that both sides have advantages and disadvantages.

The future of exchange in the cryptocurrency market has to be decentralized exchange and Binance themselves knows this that's why they went on to develop their own decentralized exchange and still working on improving it.

Centralized exchanges will soon get shut down by the government, they're just waiting for one big mistakes from the exchange like with FTX that was using customers funds for their personal businesses thinking they won't be caught.

Immediately they find something against this centralized exchange, they'll shut them down. Binance exchange is their next target and they're looking for a fault but so far, Binance exchange has been holding strong still decentralized exchange are the answers to all this regulations issues from the government.

and that is also one of DEX's weaknesses so far, we can even fall into fraudsters' traps due to scam tokens that can be exchanged on DEX which can have a negative impact on all assets in our wallet. so there's no point in looking for who is the best of the two because both of them have the same advantages and disadvantages

In my opinion, DEXs are going to be a big deal in the world of crypto. As more people start to catch on to the benefits of DeFi, I think there will be a lot more demand for DEXs.
Moreover, the technology behind DEXs is constantly evolving, and new advancements in blockchain and smart contract technology will likely lead to more efficient and secure DEXs in the future. As a result, I think that DEXs have a bright future ahead of them and will continue to disrupt the traditional financial system.

DEXs may be gaining traction, but that doesn't mean they will beat CEXs for good. That's because DEXs will be unable to fully comply with regulations due to the way they're designed (not to mention, they will always have lower liquidity than their centralized counterparts). Don't expect CEXs to go anywhere soon, especially when they're extremely useful for helping governments track & trace tax evasion, money laundering, among other illegal things.

The FTX scandal will become history as the crypto industry emerges bigger and stronger than ever. Who knows if CEXs will take other measures to help prevent another crisis from happening again? Juat my opinion :)

It should be noted that a decentralized exchange is one that does not have one central entity controlling it, and users have control over their own private keys. This is in contrast to a centralized exchange which controls user assets and has the authority to handle transactions. However, decentralized exchanges still have some drawbacks such as lack of liquidity and less regulated security. Therefore, it is important for decentralized exchanges to continuously strengthen their security features for maximum efficiency.

Decentralized exchange has many future in the cryptocurrency industries, which can not be compared with other exchange, in every business to be successful, there is always a secret behind it, that back up the standard of the particular exchange, for example Binance Exchange will be number one decentralized exchange in the cryptocurrency industries market.

Yes, it seems that most people are still using the Centralize exchange as their tool to carry out transactions, trades and deposits in the near term, moreover maybe because the Centralize exchange has mobile apps that are easily accessed by mobile phones so that efficiency and effectiveness in activities is easier than using a Decentralized exchange, both pancake swaps and others are not of much interest, I also only use a Decentralize exchange only to use it when I really have to use an exchange, the incident on FTX certainly took a hit on the popularity of centralized Exchanges but the features provided by centralized exchanges make it more convenient to make people don't use DRX that much.

DEXs are alternate airfields when storm clouds gather around CEXs. Once the clouds go away, people bring their money back to CEXs. DEXs will never replace CEXs. Rather, they will likely continually act as a backup and temporary option for exchanges and trading, during times when making deposits on CEXs is very risky.

I'm afraid so. DEXs are still far from being a perfect replacement for CEXs. Besides, you can't expect a DEX to comply with regulations if it's truly decentralized and censorship-resistant. CEXs may've suffered a severe blow after the FTX collapse, but that doesn't mean they will die. Regulations will increase to help prevent another catastrophe like the FTX implosion from happening again. As long as governments are keen on collecting crypto taxes, don't expect CEXs to go anywhere soon.

I hope DEXs improve to a point where they become as comparable as their centralized counterparts in terms of performance and user experience. With L2 scaling solutions, and native mobile apps, we should expect DEXs to grow bigger in the future. Who knows if they get to last for generations? Just my opinion :)

It is worth wondering if they will ever come close to replacing centralized services perfectly. It's also worth asking if most modern crypto users need this replacement and move away from centralization? It seems to me that in the crypto world decentralization will always not be a popular topic, rather a certain underground and a place for a special category of users, which will always be a minority. The majority will never trade CEX for anything else.

That's certainly true, mate. Only a small number of people (mainly geeks, libertarians, and tech enthusiasts) will embrace DEXs. The rest will simply carry on as usual with CEXs as their main platforms for crypto trading. It's all a matter of convenience. Just because a big CEX collapsed, doesn't mean it's "game over" for other exchanges. They will eventually become bigger and stronger than ever as long as they have the backing of mainstream governments. DEXs won't go away either, thanks to the way they're designed. I expect them to become a "force to reckon with" in the future as developers roll out network upgrades aimed to improve scalability.

What will happen with CEXs is that they will relocate to countries with a friendly environment towards crypto/Blockchain tech. The US has been "hostile" against CEXs lately, so it should only be a matter of time before they all move to another country. Just my thoughts ;D

Now many exchanges are changing jurisdictions or opening new headquarters in other countries. The trend appeared after 2021, when various attacks on centralized exchanges began. It is safe to say that all these moves and the opening of new offices of exchanges in different countries have a negative impact on the convenience of the users themselves. Exchanges are beginning to obey more and more regulators in different countries and the number of exchanges without KYC is noticeably decreasing.