Why still the lack of volume on cross-chain decentralized exchanges?

[neblidex_dev]

It seems that most traders are comfortable using centralized exchanges and accept the risk of spontaneous exchange shutdown. Decentralized exchanges for Ethereum have been around for a while and have been getting more advanced. More people are using them now than ever before. However, cross-chain proxy-free decentralized exchanges (such as Litecoin to Bitcoin or Bitcoin to Ethereum) still lack a significant user base and adoption even though their benefits are well understood and their user interfaces have continued to improve. It appears that settlement speed and blockchain fees may be a major hindrance in their adoption.

What do you think? Why do you prefer to trade cryptocurrency using a CEX over a cross-chain DEX?

[hushpupppy]

Volumes is not restricted to cex over dex.
If you look through both exchanges type, you would realize that there are equally high and low trading tokens on it.

For cex, you can switch trade quite easily, while on dex, you can get enough cheap orders, both offering massive solutions to the blockchain.

[Rengga Jati]

It seems that most traders are comfortable using centralized exchanges and accept the risk of spontaneous exchange shutdown.

Noted that traders choose trusted and popular exchanges, not about centralized or decentralized. Since many centralized exchanges have good trust scores and high volumes, traders prefer to choose them. Although no guarantee about profits, that trust & volume can create a higher chance to get profits and they will be safer to trade as many people are trading crypto coins there.

I doubt a bit about the risk of spontaneous exchange shutdown. I think if it is top or big centralized exchanges, they must pay taxes and have been recognized by the government. So, it is quite safe to trade there and shouldn't be any rumors of sudden shutdown. I assume the risk both in centralized or decentralized exchanges almost the same. Both are also possible to close suddenly.

Exchanges overview: https://www.coingecko.com/en/exchanges

[JHORN]

I'm not a pro trader but I do trade most of the time, I've used both centralized and dex exchanges but I feel more comfortable using centralized exchanges because

1. There is enough volume and liquidity
2. Better customer support e.g binance team
3. New projects makes it more on top exchanges, I'm talking about IEO fundraising which never work out well on Dex exchanges

[tycsols]

It is evident if you check the market stats that majority of traders like to trade at centralized exchanges because of many features, speed and reputation while the fact is that even erc based dexes are struggling for volume and liquidity so cross chain dexes that is a new concept will take more time for acceptance but only if they will combine the benefirs of both cex and dex platforms.