(Yes or NO) The 2020s belong to DEXs

[nightflightcourt]

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.

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[glendall]

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

[o48o]

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

Projects like:

Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
...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.

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

[rz20]

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

[nightflightcourt]

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

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

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

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

[nelson4lov]

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

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

[DaMut]

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

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

[nightflightcourt]

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

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

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

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

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

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

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

[EastSound]

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

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

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

[Samayuki]

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.

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

[magneto]

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

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

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

[Darooghe]

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

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

[Yaunfitda]

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

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

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?

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

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

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

[Kyraishi]

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

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

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

[tenakha]

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.

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

[NeuroticFish]

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

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

[ecnalubma]

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

[Teraboy]

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

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

[TanakabZX]

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.

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

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

[Philomina]

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

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