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.
If a DEX can't survive regulation and institutes mandatory KYC at whim, it is in no way a true DEX.
A true DEX cannot be shut down.
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
For now, you're right. Maybe not by 2020, but 2022? 2024? It seems far away in the crypto sense of things, but it's not.
With what projects like Stakenet have been doing, volume and liquidity should not be a problem for too much longer.
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.
Isn't that how Binance and several other exchanges came to be? First they were hungry upstarts that wanted a small portion of the market. Next thing you know, they're the dominant force in the market. What Stakenet and Nash are doing for cross-chain interoperability (no placeholders) and fiat on-ramps respectively will certainly help. It certainly won't be an immediate shift.
I agree that they will generate early hype as a concept sort of like dApp platforms did in 2017. Like dApps, I think decentralization has a bright future ahead and that it will win in the long run. No matter how efficient centralized solutions may be, they end up being vulnerable and prone to hacking and exploitation too much.
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.
Agreed. The "decentralized branches" aren't even decentralized.
You'd love the progress that Stakenet and Komodo's Atomic DEX are making in terms of native atomic swaps.
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.
Interesting perspective. The way you put it makes it similar to the relationship between Bitcoin and fiat. One cannot necessarily slaughter the other for the time being, so they coexist.
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!
You really think 2020 will be the start of DEX hype?
When it comes to "hybrid" exchanges like IDEX/Binance DEX, it seems kind of pointless... Why bother.
I'm curious to see what McAfee DEX is supposed to be.
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.
Fortunately, speed and lack of variety are only problems short-term. They should not be an issue in the near future.
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.
Good points, but even you phrase it in a way that makes it seem like their days are numbered ("it will still be there for a good number of years")
What happens when Lightning gets to a point where it can provide even cheaper instant off-chain trades between BTC and numerous high volume coins like LTC and stablecoins? All with no central authority or limits imposed by the exchanges?
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.
Present-day volume will soon be as irrelevant as 2015 CEX volume is. A greener market and ease-of-use will do wonders for DEXs.
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.
EtherDelta isn't on that list.
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
I think fast, efficient, convenient, easy to use DEXs will sneak up on us all.
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
Agreed. Atomic DEX is great.
