(Yes or NO) The 2020s belong to DEXs

[Lanatsa]

Not all the people prefer decentralisation, as I see. Many of them would like to use centralised services like banks or brokers etc. They don't want to control their accounts and funds by themselves. For example hundreds of people are losing their private keys and doesn't understand that MEW support can't help them in this case

well, I totally agree with what you say because right now there are a lot of decentralized wallets that have a lot of problems, I won't use that method, it's better if I use another wallet storage method that I think can be safer like a hardware wallet that I can store and control. fully.

Its not really that much complicated to understand when it comes to basics.Talking about decentralized wallets? its no different when you do own one which you do able to posses its keys for you to access funds.
It might be nothing usual for some newbies or in short not user friendly but it isnt really that hard to understand.The main thing i do saw why people do prefer centralized exchangers over dex ones is because they
can deal up with fiat tx not like on dex which is purely  on crypto to crypto thats why we dont have any choice but to rely on cex ones due to this reason.

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.

When it comes to cryptocurrency exchange, i don't think decentralized exchange will take the lead any time soon. In as much as decentralized exchange gives the consensual power to traders, they ain't immune to hack and breaches entirely. Records have DEX that have been breach many times too.  Due to flexibility and wide range of functionality being provided by centralized exchanges  for effective crypto trading, they have gather lots of userbase and large volumes and liquidity over the years, from where the entire crypto market stands, i dont see DEX beating that

When it comes to liquidity or volume then nothing beats out CEX out of the throne and as i said earlier this do particularly connects with fiat transactions which isnt present on dex ones.
Thats why even we know that these centralized exchangers doesnt offer out full access on our wallets but the main need of a certain trader is on this place thats why
its no surprise that they will surely stick to this.

[Denreal]

Not all the people prefer decentralisation, as I see. Many of them would like to use centralised services like banks or brokers etc. They don't want to control their accounts and funds by themselves. For example hundreds of people are losing their private keys and doesn't understand that MEW support can't help them in this case

well, I totally agree with what you say because right now there are a lot of decentralized wallets that have a lot of problems, I won't use that method, it's better if I use another wallet storage method that I think can be safer like a hardware wallet that I can store and control. fully.

Its not really that much complicated to understand when it comes to basics.Talking about decentralized wallets? its no different when you do own one which you do able to posses its keys for you to access funds.
It might be nothing usual for some newbies or in short not user friendly but it isnt really that hard to understand.The main thing i do saw why people do prefer centralized exchangers over dex ones is because they
can deal up with fiat tx not like on dex which is purely  on crypto to crypto thats why we dont have any choice but to rely on cex ones due to this reason.

This is more reason centralized exchanges will continue to be relevant. Yes, DEXes may find a place of its own relevance, but it is limited.
Then talking about you possessing a private key to a decentralized wallet. What do you think should be said about what happened to FolkDelta before its death. Well, that notwithstanding, irrespective of whatever might have happened to some of the few DEXes, I think the best security still lies there.

[nightflightcourt]

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.

When it comes to cryptocurrency exchange, i don't think decentralized exchange will take the lead any time soon. In as much as decentralized exchange gives the consensual power to traders, they ain't immune to hack and breaches entirely. Records have DEX that have been breach many times too.  Due to flexibility and wide range of functionality being provided by centralized exchanges  for effective crypto trading, they have gather lots of userbase and large volumes and liquidity over the years, from where the entire crypto market stands, i dont see DEX beating that

Stakenet's approach of using MNs and Lightning is decently airtight and straightforward. I believe it will redefine how DEXs are seen.

When it comes to liquidity or volume then nothing beats out CEX out of the throne and as i said earlier this do particularly connects with fiat transactions which isnt present on dex ones.
Thats why even we know that these centralized exchangers doesnt offer out full access on our wallets but the main need of a certain trader is on this place thats why
its no surprise that they will surely stick to this.

There is a solution for DEXs that will greatly beef up their liquidity and let them match or even exceed the volume a CEX can handle.

[nightflightcourt]

If Bitcoin goes lower.. How long could centralized exchanges stay open?

[nightflightcourt]

It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.  
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.

[Ziskinberg]

It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.  
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.

Exactly, because DEX does not belong to this year, people would be trading more on centralized than in DEX since most of the coins created now are coming from IEO and they'll right away traded in a centralized exchange, and of course the biggest volume are coming from the old coins that are already listed in big exchanges.

Last bull run, there was a demand on DEX, probably we need another bull run to see that demand again.

[nightflightcourt]

It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.  
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.

Exactly, because DEX does not belong to this year, people would be trading more on centralized than in DEX since most of the coins created now are coming from IEO and they'll right away traded in a centralized exchange, and of course the biggest volume are coming from the old coins that are already listed in big exchanges.

Last bull run, there was a demand on DEX, probably we need another bull run to see that demand again.

When I'm talking about the 2020s, I'm talking about the entire decade.
Maybe I will be wrong here, but I think DEXs could overtake CEXs by the mid-2020s so long as the fast-paced development speed keeps up.

[nightflightcourt]

Vitalik agrees

[Psynthax]

It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.  
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.

Exactly, because DEX does not belong to this year, people would be trading more on centralized than in DEX since most of the coins created now are coming from IEO and they'll right away traded in a centralized exchange, and of course the biggest volume are coming from the old coins that are already listed in big exchanges.

Last bull run, there was a demand on DEX, probably we need another bull run to see that demand again.

When I'm talking about the 2020s, I'm talking about the entire decade.
Maybe I will be wrong here, but I think DEXs could overtake CEXs by the mid-2020s so long as the fast-paced development speed keeps up.

It will not be dex who will replace CEX but SWAP has a big possibility to replace CEX in the future consider it has a better fundamental rather than DEX. As far as i know, if there was a lot of platforms have already tried to adopt SWAP system.

[joinfree]

Decentralized exchanges surely have a good use case to present to the crypto community but one thing that i have realized among them is the slow performance on most of them. Investors and traders would still prefer to use Centralized exchanges if they can trade without any hitches on some of these decentralized exchanges. Ethershift is one of the upcoming exchanges which i think has a great future in the coming years.

[imstillthebest]

Decentralized exchanges surely have a good use case to present to the crypto community but one thing that i have realized among them is the slow performance on most of them. Investors and traders would still prefer to use Centralized exchanges if they can trade without any hitches on some of these decentralized exchanges. Ethershift is one of the upcoming exchanges which i think has a great future in the coming years.

ethershift ? that sounds good and is this related to eth  ? so means its a decentralized type of exchange   . there are many good decentralized exchanges that constantly appearing  and becoming succesful too  but centralized exchanges are more powerful and being prefered by many people  . and what do you mean by slow ?  laggy  ?  or you mean slow on trade transaction  .   i never experienced any delays before upon using a decentralized exchange but i admit that etherdelta is verry laggy , thats why i use forkdelta as an alternative as its lighter and faster  .

[Ziskinberg]

It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.  
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.

Exactly, because DEX does not belong to this year, people would be trading more on centralized than in DEX since most of the coins created now are coming from IEO and they'll right away traded in a centralized exchange, and of course the biggest volume are coming from the old coins that are already listed in big exchanges.

Last bull run, there was a demand on DEX, probably we need another bull run to see that demand again.

When I'm talking about the 2020s, I'm talking about the entire decade.
Maybe I will be wrong here, but I think DEXs could overtake CEXs by the mid-2020s so long as the fast-paced development speed keeps up.

Entire decade or entire year?

I am confident that you will be wrong, sorry, I just can't see DEX will grow under this current situation, and the market is still bearish until now .
This covid pandemic might help the crypto market but those coins only with high liquidity and speaking of high liquidity, it only happen in centralized exchange.

[nightflightcourt]

It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.  
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.

Exactly, because DEX does not belong to this year, people would be trading more on centralized than in DEX since most of the coins created now are coming from IEO and they'll right away traded in a centralized exchange, and of course the biggest volume are coming from the old coins that are already listed in big exchanges.

Last bull run, there was a demand on DEX, probably we need another bull run to see that demand again.

When I'm talking about the 2020s, I'm talking about the entire decade.
Maybe I will be wrong here, but I think DEXs could overtake CEXs by the mid-2020s so long as the fast-paced development speed keeps up.

Entire decade or entire year?

I am confident that you will be wrong, sorry, I just can't see DEX will grow under this current situation, and the market is still bearish until now .
This covid pandemic might help the crypto market but those coins only with high liquidity and speaking of high liquidity, it only happen in centralized exchange.

Decade - as in, 2022, 2025, 2028, etc. Longer projections. The decade is very young and DEXs are finally becoming polished enough to be usable on a mass-scale.

[target]

Binance is leading the adoption adn they are releasing cards this time, its making this market more centralized even with all the claims being decentralized. The only left for DEX to be part of the option for the people to go to when their coins are not listed on big exchanges.  DEX can help coins still be listed in the market though, at least the coins are not going to die. Instantly.

[Botnake]

Binance is leading the adoption and they are releasing cards this time, its making this market more centralized even with all the claims being decentralized.

There are some features maybe that it looks decentralized but in general sense its still called a centralized exchange.
It's the reason why Binance DEX was not a success because it's not what people are expecting, with influence that their centralized exchange are having a volumes of billions per day, their DEX can easily get at least $1 million trading volume but it's not happening because people does not like it.

The only left for DEX to be part of the option for the people to go to when their coins are not listed on big exchanges.  DEX can help coins still be listed in the market though, at least the coins are not going to die. Instantly.

That's it, unfortunately, we don't want to see that as we want DEX to grow.

[Smitty Werben Man Jensen]

Binance is leading the adoption adn they are releasing cards this time, its making this market more centralized even with all the claims being decentralized. The only left for DEX to be part of the option for the people to go to when their coins are not listed on big exchanges.  DEX can help coins still be listed in the market though, at least the coins are not going to die. Instantly.

Tokens registered in DEX such as Forkdelta are automatically registered there by entering the smart contract itself, but for Binance DEX or IDEX they are still centralized because tokens still have approval to register with the owner's , and of course if you want to be truly decentralized let the market act alone

[kingzpro]

I think NO because to be honest there not much development going on related to decentralized exchanges and at the same time there is no real adoption i mean there is not a lot of users that either like or use Dexes regularly so i think centralized exchanges will dominate for few more years before dexes come up with a revolutionary compliance with excellent userface and multiple options with smooth transactions.

[nightflightcourt]

Instant one-click BTC/LTC swaps on Lightning Network!

https://www.youtube.com/watch?v=wSNFhFBKmsc

Fast and seamless. This is a big step forward for DEXs!

[electronicash]

I think that decentralized exchanges will lead in the future but it's too early to say that 2020 belongs to them.

Certainly not for 2021 as well. But time will come when we all need the privacy to escape the IRS because the centralize exchanges had hand out our data to them. I'm still one of the people who kept my anonymity from the exchanges though I have submitted to a number of them. I only use them when there is really the need to, I still trading on dex since bitshares had started.

Right now there are dex that has a ton of volume already particularly the https://newdex.io/

[nightflightcourt]

I think that decentralized exchanges will lead in the future but it's too early to say that 2020 belongs to them.

Certainly not for 2021 as well. But time will come when we all need the privacy to escape the IRS because the centralize exchanges had hand out our data to them. I'm still one of the people who kept my anonymity from the exchanges though I have submitted to a number of them. I only use them when there is really the need to, I still trading on dex since bitshares had started.

Right now there are dex that has a ton of volume already particularly the https://newdex.io/

I'm more concerned with exchanges that are capable of freezing wallets and withdrawals.