(Yes or NO) The 2020s belong to DEXs

[Periodik]

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.

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. 

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[cichaescut]

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.

[Ziskinberg]

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/

[GucciBoy]

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.

[Aftolik79]

The best i theink is

• Blocknet
  Switcheo

[miklesm]

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.

[X-ray]

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.

[key4co.in]

Really do hope so. DEXs offer higher-oriented security than CEX platforms and lower-cost transactions. Furthermore, DEXs like HB DEX is 100% decentralized with no requirements for personal data (KYC). The decentralized exchange operates entirely on HB Wallet Desktop Application, which is more secure than any web-based exchanges and wallets.

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.

[dadon13]

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

[SolarWindMiningCompany]

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.

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

[nightflightcourt]

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.

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

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.

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

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 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.

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.

Wait til Lightning Network comes into the picture!

[Duncan.Idaho]

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.



 

[efxtrader]

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

[Lexurdania]

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.

[laskybok]

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.

[DDante]

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.

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

[nightflightcourt]

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.

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

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.

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

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.

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.

[nightflightcourt]

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.

I just don't trust CEXs

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.

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.

[batang_bitcoin]

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.

[zeingrind777]

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.