Just a question

[pixie85]

Most CEX users are traders who need liquidity and people who buy and hold don't worry about the possibility of being hacked because they have their coins on CEX for maybe 10 minutes.

An average trader will not leave CEX for DEX because it won't work for him. He needs everything to happen fast. An average buyer will see that most people are using CEX and go there. A hodler will do the same. He'll send fiat to CEX which is completely safe and then do a fast trade and withdraw. Most exchanges send your money almost instantly so there's no time for you to get hacked.

[tenakha]

Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits

Simply yes, the volume of CEX will flow to DEX. But the main problem is to direct the community to DEX, if so, they will develop not only in volume and liquidity, but in every subject. On the other hand, the majority do not change a god like Binance to any DEX. They have a option like making easy money in Binance, but DEX does not offer a option like this.

[fortunecrypto]

because most of them have a bad user interface and their website is unresponsive(some of them even have a bad connection, refusing the user connections). I experienced it by myself.

I also experienced that before, but I'm not giving up on decentralized exchange, but who knows with the so many hacking going on, people might shit to decentralized exchange, they want secure and safe way to trade their coin, if it's proven that DEX's can do that we will have a good competition between the two, but so far Centralized exchange has the edge.

[btc-facebook]

volume rises and does not depend on market demand,
although CEX is prone to hacker attacks,
it can be resolved from security at the exchange,
nothing is perfect, even DEX is also quite risky if the exchanger has run away.
all have advantages and disadvantages, and whether or not trading volume depends on market interest,
and so far, in my opinion, CEX is still the best choice for trading than DEX.

[Aabcde]

I think it will be very difficult for people to leave CEX. Because in fact CEX spoiled users more than DEX like airdrops, or other promos, free coins and many others. DEX doesn't do that.
On the other hand, new projects want to be included in CEX because of their already big names such as kucoin, binance, bitmex, etc. If these new projects enter DEX and refuse to enter CEX, I believe DEX habitat will be better going forward.

[DigeNarrator]

what stopping people is there is no market makers right now in decentralized exchanges
i dont know why but maybe its something to do with security or regulation
people who manage the ecosystem need more control over people, and a truly decentralized exchange is not a good idea for them

[starblocks]

You are right, it does solve problems such as these, but DEX technologies have not yet caught on due to ease of use, but it is likely they soon will with more and more exchanges developing their own decentralized trading platforms for everything from tokens to securities and more

[o48o]

Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits

You are thinking too highly of people and if they want to take any responsibility.
Most of the people out there actually like the idea that someone is looking for their private key better then themselves.
They don't have a clue on how to protect themselves from hackers so they rather leave it to cex.
And then there's of course the speed of cex. Also they often take care of all the pos income and the possible coin swaps to new blockchain.

[aioc]

Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits

I seldom trade on Decentralized exchange, yes one of the issues is volume, and this is because they cannot fake their volume, compared to a centralized exchange, where they use a lot of bots to inflate their volume, an exchange is a multi million dollar business, and they will do everything to fake their volume, so they make an impact in the market.

[danherbias07]

Of course the volume will increase but how will you do that?
I think that is the real question here.
Trust had been placed with centralized exchange by now and they are booming.
Volumes are soaring and they are also getting richer. It will be difficult to drag all those people back into DEX.

[EdvinZ]

Decentralized exchanges have low liquidity. Often their user interface does not meet the requirements of modernity, and the site itself is very slow. I think people will prefer centralized exchanges for a long time, even considering that they often close suddenly, showing all the signs of fraudulent projects.

[michellee]

I guess OP has so many answers from many members. I think the volume of every cex or dex will increase, and people will choose on which platform they want to trade. Maybe one person still stays on cex and will not use dex, but the other person will try to use dex and moves his funds to dex. But I don't think that dex is the perfect answer for the stolen fund from the exchanges because I think the hacker or the thief will hold the funds for a while until the situations can calm down and then they will move the funds to any exchanges they want.

[Pamadar]

Decentralized exchanges have low liquidity. Often their user interface does not meet the requirements of modernity, and the site itself is very slow. I think people will prefer centralized exchanges for a long time, even considering that they often close suddenly, showing all the signs of fraudulent projects.

Decentralized exchange still have a long way to go before being fully embraced by investors and traders as most of the time those people wanted to continue using what they've already familiar and thinks that they have enough securities using CEX.

Still needs to have more improvements and more exposures to attract people to use the service and have more support to take place.

[cytpoway121]

I think there is not need for anyone to leave cex for dex

They are both exchange platforms; and visiting them is for a purpose

You visit the exchange that trades the token you are to sell
And for investment purposes; you buy and store in your cold or paper storages

No string attached 

[comchien]

In my opinion, decentralized exchanges are less used than centralized exchanges, liquidity is good, but the trading pairs are probably not much and mainly based on smart contracts. People mostly dislike decentralized exchange because the interface is hard to use and not very nice, but there are a few new decentralized exchanges like binance dex that are quite easy.

[crustycrab666]

I prefer cex, of course, for reasons of safety and volume that are my focus. Except in certain circumstances that prevent me from being involved in dex, for example, to sell rewards from a bounty listed there.
Actually both have advantages and disadvantages of each, we do not have to leave one of them, the important thing is we can maximize each of these exchanges to take profit. Dex exchange also has many good reputations such as Binance Dex, Idex, and Radar Relay. The rest I did not comment because of the very small volume and poor reputation.

[dimonstration]

Decentralized exchanges have low liquidity. Often their user interface does not meet the requirements of modernity, and the site itself is very slow. I think people will prefer centralized exchanges for a long time, even considering that they often close suddenly, showing all the signs of fraudulent projects.

Many still choose to be under centralised exchanges as we can get support if ever we need anything in our transactions assuming that this cex support is effective, I also prefer centralised exchanges as they offer more choices of pairs and features than dex. Soon maybe dex can be developed in terms of having those good features existing in cex now.

[DaMut]

because most of them have a bad user interface and their website is unresponsive(some of them even have a bad connection, refusing the user connections). I experienced it by myself.

I also experienced that before, but I'm not giving up on decentralized exchange, but who knows with the so many hacking going on, people might shit to decentralized exchange, they want secure and safe way to trade their coin, if it's proven that DEX's can do that we will have a good competition between the two, but so far Centralized exchange has the edge.

me neither, we are desperately in need of peer to peer exchange after the hack that happened with the exchanges all these years.
we have lost count how many people suffered because of this, with decentralized exchange we can minimize the risk because we own the keys ourselves and we can move it freely as we want.

[naikturun]

The first price will drop drastically, I think so because no price levels or orders are freely chosen by buyers and sellers.
And when prices dropped the whale bought that amount in bulk and set the market price, so it would be the same as CeX, this is just my prediction.

[BitHodler]

we are desperately in need of peer to peer exchange after the hack that happened with the exchanges all these years.

I don't see that demand for decentralized exchanges. I certainly have seen a lot of people talk about it here and on other discussion platforms. We shouldn't look at what people are saying, but look at what people do.

If we look at the volume and liquidity on decentralized exchanges, it's still very poor, and it has been like that for years now. It means that there isn't as much demand for decentralized exchanges as people seem to think.

we have lost count how many people suffered because of this

Unfortunately that has not lead to a change in how people use crypto because centralized exchanges hold more coins than before.