(Yes or NO) The 2020s belong to DEXs

[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/

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.

At least they called them decentralized so we can include them in the DEX market,... I know there are countries that are barred from accessing the site so that alone would tell they aren't... however, there is no another DEX right now that we can see has gained a good volume which we can use as a barometer for the future of DEX, so with the absence of it, I would not expect they'll be bigger this year.

[Novatech8]

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.

It would be a false claim by saying centralized exchange volumes are irrelevant because honestly over half of the entire trading volumes combined are from centralized exchange, Dex still have few problems that centralized exchange offers the perfect solution, for me its a NO, dex still have some catching up to do

[leea-1334]

Common, it's 2020 already and I am yet to see any signal on whether DEXes have what it takes to take over. As far as I know, a lot of coins are mainly looking forward to listing on Centralized exchanges, except in a case where they are not ready for that. The urge to go for decentralized exchanges came then, because of the rate at which centralized exchanges were being hacked.

However, with time, which might not be now, DEXws will start getting the needed attention.

I think the concepts were so attractive even when I joined crypto,,, to use crypto the way it was meant to be, all yours, without ever giving it away to someone else.

But the problem was probably that all the ICOs ruined people. Flooded the market with tokens nobody wanted and DEXes became the unwanted dumping grounds for all of them.

Now everybody is all about DeFi instead of Dex too. Such a big shame!

[TanakabZX]

The problem affecting dex is not even one, apart from lack of trading volumes all Dex sucks, their platform interface can be very confusing to use, I can very much tell you guys that I find it very hard to use dex to trade, the only thing dex did best is security of funds

[shoreno]

The problem affecting dex is not even one, apart from lack of trading volumes all Dex sucks, their platform interface can be very confusing to use, I can very much tell you guys that I find it very hard to use dex to trade, the only thing dex did best is security of funds

but not all dex have a good trading volume and if im not mistaken trading volume also depend on the coin ? not all dex'es sucks but some are useful too like for example i used forkdelta and etherdelta before when the state of airdrops are still good because this is the only exchange that accepts ico tokens . ico tokens mainly stick on dex'es and rare to find or to be listed on centralized exchanges  . being confuse is only at first , like me i was lost before on etherdelta but i dont give up about learning it and thankfully i now know how to trade there . you can too  .

[aioc]

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.

You have a good point but investors and traders are more accustomed to trading on a centralized exchange, if there is at least one decentralized exchange that has become popular people will start using these decentralized exchange, on centralized exchange, they cater to almost all coins with different algo as long as they have a listing fee.

[istiak2277]

Dex is becoming very popular there is no doubt about it but it needs to go a long way still. A centralized exchange is still very much popular and they provide better service than dex but in case of security, dex is the best. I think people always not looking for only security they also look for service and support and i think that's where CEX beat DEX.

[Davian144]

The problem affecting dex is not even one, apart from lack of trading volumes all Dex sucks, their platform interface can be very confusing to use, I can very much tell you guys that I find it very hard to use dex to trade, the only thing dex did best is security of funds

Yes, it is very true, because I myself have experienced the same thing as you say, there are some DEX exchanges that I find difficult to understand when I use them, and safety issues must also be considered, because I have also experienced the loss of tokens on a DEX exchange.

[nikacoin_main]

We just launched our new DEX, can have any ethereum token listed - https://nikacoin.github.io/home/#/exchange/0x6781a0f84c7e9e846dcb84a9a5bd49333067b104

[Youghoor]

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.

It's all a matter of time you know when Decentralized Exchanges take over Centralized Exchanges. The reasons are pretty simple you know, the fees that are being charged by most CEX are way too high. Also, you have to submit proof of identity and all of that but with DEX you don't do any of these yet you get to make your transactions smooth and swift.

[Botnake]

There's a lot of projects as you posted it on OP but they haven't proven anything yet,.. true some of them were good during the bull run but they struggle after the bull run so it's hard to say this year belongs to them when aren't seeing any signs yet that they'll be big.

We can hope but we can't guarantee, real talk.

[aemma]

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.

It will really take a while before Decentralized Exchanges or Dexs overtakes centralized exchanges. Just compare the volumes in both types of exchanges, you will see the difference is so huge. Also compare the speed of the platform, you will also notice the difference, trading tools  too aren't to be left out among others. All these are what makes the centralized exchanges better than the other type. Nevertheless, in terms of security, Dexs always leads the way, as it proves to more secure. Therefore it is right to say, for Dexs to overtake centralized exchanges they need to work on various things which are very important.

[moonblocks]

There's plenty of DEX's to choose from when trading and Binance and Forkdelta are two of the most popular but they still predominantly remain low in liquidity however this may change if more KYC/AML is put into place at the centralized exchanges

[pikkie]

well, I think the place where the exchange is still standing is IDEX and that place of exchange also has very little trading volume, so I think the place of exchange with the decentralized exchange platform is not used much anymore.

[thesmallgod]

When DEX has liquidity issue and we are still having many projects developing DEX to add to an already existing projects. This is very funny and I do not think DEX could be in any way better than the CEX platforms. I understand people are always fearful of losing their coin on exchange platform due to attack but if we consider reliability, you will agree with me that CEX is better. CEX even give alternatives because not all of them is good but I have not seen any DEX that does not have liquidity issue even the old ones like etherdelta are not left out.

[tiang_tower]

There's plenty of DEX's to choose from when trading and Binance and Forkdelta are two of the most popular but they still predominantly remain low in liquidity however this may change if more KYC/AML is put into place at the centralized exchanges

Yes, for the DEX exchange that is often used by many people is Binancedex and Forkdelta, because both are equally easy to understand and run by everyone, but regarding security I think it is still safer than Binancedex than Forkdelta.

[tranduong123]

I think the answer is no, until now I haven't found a reason to stop using centralized exchanges and switch to DEX. It seems that DEX lovers have exaggerated the risks of CEXs, and for me the top centralized exchanges are still very safe.

[matchi2011]

I think the answer is no, until now I haven't found a reason to stop using centralized exchanges and switch to DEX. It seems that DEX lovers have exaggerated the risks of CEXs, and for me the top centralized exchanges are still very safe.

CEX still have more trust than DEX traders still willing to provide KYC when using CEX as they are willing to store money even in a huge amount
they are relying with how the securities from the exchange teams will take care of their assets.
There's no accurate reports that DEX already overrun CEX both volumes and participants.

[bitcoinst]

I think no. I would like to say that 2020 will belong to decentralized exchanges, but look at what is happening in the world.
The cryptocurrency is gradually becoming regulated, anonymous coins are being removed from various kinds of crypto exchanges.
I doubt that a decentralized exchange will be greatly developed because most of the capital of people is stored on centralized exchanges, and so far it will be so.

[Thomas-s]

I think no. I would like to say that 2020 will belong to decentralized exchanges, but look at what is happening in the world.
The cryptocurrency is gradually becoming regulated, anonymous coins are being removed from various kinds of crypto exchanges.
I doubt that a decentralized exchange will be greatly developed because most of the capital of people is stored on centralized exchanges, and so far it will be so.

decentralized exchanges are extremely inconvenient to use and they do not have as much trading volume as normal traders need. centralized exchanges seized power in this market. they have a very big influence and they will never give up their piece of the pie. decentralized exchanges will be used only by a very small number of people.