Will Dex's Dominate the Cex's in near future?

[grizmoblust]

You just can’t tell, anything can happen man. But the direction things are heading, I still think that CEX are going to continue to take the lead.

The other CEXs might be behind what Uniswap did, but Binance is very far ahead of them all, and for a DEX to get that high it might be difficult. Why I am saying that CEX might continue to be at the top is because a lot of people are concerned about safety when trading their coins these days and that will lead to them making use of centralized exchanges, especially those that are still newbie, since that’s what they get from making use of those. As for DEX, it will take time for them to get the hang of it.

CEX is simpler to use and often has a lot of events that help traders make money so for me, CEX is still the number one choice in this market. It's up to everyone's preference but the last few months DEX is making a comeback and the most prominent is Uniswap as it is being viewed as the highest-volume decentralized exchange of all DEX. Anyway, you should make your own decisions and consider carefully before choosing a trading place.

I think DEX is much better because you don't need to worry too much about security and you are the direct asset holder so it will be difficult to lose money. I only use CEX when the need arises and I only choose large exchanges like Binance or Huobi because these are the 2 safest centralized exchanges for investors. In the next few years, DEX will be a new force and will definitely replace the CEX completely.

[dimonstration]

You just can’t tell, anything can happen man. But the direction things are heading, I still think that CEX are going to continue to take the lead.

The other CEXs might be behind what Uniswap did, but Binance is very far ahead of them all, and for a DEX to get that high it might be difficult. Why I am saying that CEX might continue to be at the top is because a lot of people are concerned about safety when trading their coins these days and that will lead to them making use of centralized exchanges, especially those that are still newbie, since that’s what they get from making use of those. As for DEX, it will take time for them to get the hang of it.

CEX is simpler to use and often has a lot of events that help traders make money so for me, CEX is still the number one choice in this market. It's up to everyone's preference but the last few months DEX is making a comeback and the most prominent is Uniswap as it is being viewed as the highest-volume decentralized exchange of all DEX. Anyway, you should make your own decisions and consider carefully before choosing a trading place.

I think DEX is much better because you don't need to worry too much about security and you are the direct asset holder so it will be difficult to lose money. I only use CEX when the need arises and I only choose large exchanges like Binance or Huobi because these are the 2 safest centralized exchanges for investors. In the next few years, DEX will be a new force and will definitely replace the CEX completely.

The common problem about DEX was the trading was limited to the native blockchain of the DEX. You can’t buy non-ERC20 token to IDEX, Uniswap and soon, Same scenario to other DEX like Tron and EOS, some of them already offers crosschain but very limited. And also the liquidity is the main issue on using them, they have no market maker so definitely you can’t have a good trade there for certain coin that don’t have a loyal traders on it.

CEX is currently still the best for trading because have access to most of the coins. The only downside on using it is you don’t have fully control to your account and they require KYC.

[rodskee]

I really hope this is the case but even if that doesn't happen we at least need several strong decentralized exchanges that offer you the ability to trade your coins without having to go through know your customer policies that are becoming so prevalent in centralized exchanges, otherwise this market is going to be dominated by those centralized exchanges and our ability to trade our bitcoins or any other coin for that matter is going to become very limited.

However I really think it is too soon for decentralized exchanges to dominate centralized exchanges so I really don't think this is going to happen until a few decades pass and that is a little bit depressing.

The direction still depends from how traders will embraced the system, we all knew that there are crypto
investors who wanted to stay as anonymous while dealing to this business.
People who value their privacy will support DEX for sure, it's a good way to prevent dealing with KYC and
exposing their true identities.
Though we can also consider those traditional traders who will choose to stay with DEX as there's extra
securities that will give additional protection to their investments.
It will take time if this domination will take place, lots of informational drive for people to learn how DEX
works and what will be the benefits using it.

[chip1994]

wow, that is a very impressive volume, arguably the largest volume in DEXs ever. But let's look back, Uniswap has increased volume a lot based on the recent Defi trend and it is only a tool for investors to buy, in addition, the main activity of investors or whales is still in exchanges. I think this is just a temporary explosion of Uniswap and if the Defi trend ends then everything will be back to the beginning. so do not fomo on Dex, it will never replace Cex.

[thesmallgod]

Aside uniswap, you must also take note the trading volume of other DEX and make a comparable difference with that of the other CEX. While DEX is very good if you don't want to provide any of your identity, transaction charges are high and low liquidity rate. There is no doubt that DEX will dominate CEX in the nearest future as the CEX platforms too are continuously developing with integration of new feature 

[bearexin]

DEX are making a good move but they had to change it from one way to another to attract more coins that are hyped right now to get a lot more volume however that is a temporary strategy, I am pretty sure they would require to keep this up for a long time before they could say they are legit and I do not think that this strategy will go that long.

So, they have to keep changing strategies all the time to keep finding coins with high volume and hype that people can't find anywhere else or find something totally different that would cause people to trade there over places that could be CEX but have billions of trading volume all together. I do not know how a truly "decentralized" place could fight with a place that is making tens of millions of dollars constantly.

[Quidat]

DEX will not really dominate, there will still people not going to try it, after all, there is more benefit given by CEX.
The DEX though had established themselves especially the Uniswap which is heavily used these days.  Its easy to use and NO kyc too which one would prefer to use than DEX. Its best to just use DEX when you know that sooner the database of these CEX can be accessed by governments.

DEX would exist but it wont really come to a point that they would able to surpass CEX when it comes to liquidity and feature when you do able to convert out your crypto to fiat which is
the most important thing imho this is why people do prefer on using up CEX platforms due to this reason.Dex is there but it wont dominate yet we know on what people do really needs
in the end of the day.DEX can give out that anonymity but as mentioned there are already platforms that dont ask out KYC for you to trade up.Well, it isnt really that
much an issue because having both is already considered as an good option for us traders.

[Jating]

DEX will not really dominate, there will still people not going to try it, after all, there is more benefit given by CEX.
The DEX though had established themselves especially the Uniswap which is heavily used these days.  Its easy to use and NO kyc too which one would prefer to use than DEX. Its best to just use DEX when you know that sooner the database of these CEX can be accessed by governments.

DEX would exist but it wont really come to a point that they would able to surpass CEX when it comes to liquidity and feature when you do able to convert out your crypto to fiat which is
the most important thing imho this is why people do prefer on using up CEX platforms due to this reason.Dex is there but it wont dominate yet we know on what people do really needs
in the end of the day.DEX can give out that anonymity but as mentioned there are already platforms that dont ask out KYC for you to trade up.Well, it isnt really that
much an issue because having both is already considered as an good option for us traders.

But as we go and move forward, centralised exchanges are going to ask for our personal data, that is inevitable, we can't really get out of that issue as in the next 2-5 years maybe all CEX are now going to require full KYC regardless of the amount that you are going to withdraw and that's what most early crypto adopters doesn't like.

Of course there is DEX as well, but the main problem or challenge with them is liquidity and not many options for crypto traders.

[Reatim]

wow, that is a very impressive volume, arguably the largest volume in DEXs ever.

Sure it is really an amazing achievement coming from DEX platform, a huge volume where money is really residing.

But let's look back, Uniswap has increased volume a lot based on the recent Defi trend and it is only a tool for investors to buy, in addition, the main activity of investors or whales is still in exchanges.

This factor is right, investors are using this venue to buy the current hot trends DeFi but still they are relying with CEX exchange
as the main exchange when making the trade.

I think this is just a temporary explosion of Uniswap and if the Defi trend ends then everything will be back to the beginning. so do not fomo on Dex, it will never replace Cex.

It may but it will take many more actions coming from traders and investors, without any support, everything will go back
to CEX and the cycle will be back money will continue to flow to CEX exchange,.

[Kelvinid]

DEX are making a good move but they had to change it from one way to another to attract more coins that are hyped right now to get a lot more volume however that is a temporary strategy, I am pretty sure they would require to keep this up for a long time before they could say they are legit and I do not think that this strategy will go that long.

I don't think there is a need to change but just have to sustain what they are doing today for a much better trend. The launch of Defi made that magic and it helps Decentralized exchanges more interesting to look like as the rising momentum sustained.

So, they have to keep changing strategies all the time to keep finding coins with high volume and hype that people can't find anywhere else or find something totally different that would cause people to trade there over places that could be CEX but have billions of trading volume all together. I do not know how a truly "decentralized" place could fight with a place that is making tens of millions of dollars constantly.

DEX did it great already and that is very much appreciated by traders and investors. The surge of its market volume did simply mean that people are more confident with DEX than CEX as can be of huge potentials. I'd don't think there is an instant market effect but for sure it has a positive and it certainly changes the market movements.

[imstillthebest]

Aside uniswap, you must also take note the trading volume of other DEX and make a comparable difference with that of the other CEX.

other dex are low and can be compare to low cex but do we really need to do it ? each of them is different ( one is centralize and the other is decentralize )  .

While DEX is very good if you don't want to provide any of your identity, transaction charges are high and low liquidity rate. There is no doubt that DEX will dominate CEX in the nearest future as the CEX platforms too are continuously developing with integration of new feature  

its only good because of one main feature and that is non kyc but the rest were still bad . its not enough to attract many people to use dex  . cex are also doing thier best to improve  .

i cant believe that uniswap takes the lead on the dex rank because its only new and there are also negative feedbacks that i read on this forum towards them  .

[davinchi]

Honestly I'm not getting how those so-called decentralized exchanges are decentralized. I'm not seeing there is a community and they are exchanging within themselves without need of any centralized authority/engine; Yes.. just owning the private key of the deposit address of an exchange will not serve the actual purpose of being decentralized exchange.

I mean what we are having in the name of the decentralized exchanges are not actually decentralized service providers. So, there will be no surprises when they are dominating rest of exchanges.

In my opinion, the actual decentralized way of exchanging is, what we are having in currency exchange board of this forum.

[gentlemand]

Honestly I'm not getting how those so-called decentralized exchanges are decentralized.

What most really should bill themselves as is non custodial which is very important too but I doubt they think it looks as impressive.

For true decentralisation they need to leave domain names and hosting behind and switch to something on chain. Even then since most wallets are running off someone else's node you still might have sticky moments.

[samcrypto]

Easier to use, these are the CEX.

And which is easy to use, people will be there. DEX is sort of complicated and not all traders are not willing to use it. But no offense for DEX users, both can co-exist at the same time.

I also experiencing some hard time to explore DEX and quiet complicated for a newbie but of course if you usually used DEX then you’ll like it later on. I also believe that CEX and DEX will co-exist simply because investors still want to use an exchange that is being regulated so when the problem comes, they can go to a court and sue the person behind it. You can trade on any exchange that you want, volume is just here for your analysis and your trading plan is still matter so don’t forget to create strategies on any exchange.

[AmoreJaz]

Aside uniswap, you must also take note the trading volume of other DEX and make a comparable difference with that of the other CEX.

other dex are low and can be compare to low cex but do we really need to do it ? each of them is different ( one is centralize and the other is decentralize )  .

While DEX is very good if you don't want to provide any of your identity, transaction charges are high and low liquidity rate. There is no doubt that DEX will dominate CEX in the nearest future as the CEX platforms too are continuously developing with integration of new feature 

its only good because of one main feature and that is non kyc but the rest were still bad . its not enough to attract many people to use dex  . cex are also doing thier best to improve  .

i cant believe that uniswap takes the lead on the dex rank because its only new and there are also negative feedbacks that i read on this forum towards them  .

just wait and uniswap will be full of crap projects! most of them will have very short lifespan. when the dev got their pockets full, they will abandon their project and so sooner or later, uniswap will be full of abandoned ones.
 right now, they are enjoying their opportunity, but traders will find out later on, that this exchange is the central point of scammers, cheaters, and the likes.
im still with reputable CEXs, at least they are not just listing any other token or coin. they have at least standard requirements that they follow.

[RealMalatesta]

Despite that, there is one thing about DEX's that I don’t really like, and that’s the fact they don’t look as good as CEX.
I know some people would say look doesn’t matter, that the most important thing is whether the exchange is good, well look does matter. And moreover there are lots of centralized exchanges that has better looks and they also function very well. So, for me this is important. And newbies usually find it difficult to navigate through DEX, because they are usually complicated for them. These are the areas that DEX should really improve.

[ethereumhunter]

I think CEX will still dominate the crypto market for a while because CEX gives an easy to use to trade. People don't have to think to send some balance to cover the fee when they trade. Even if some CEX using verification to complete KYC, people don't mind doing that because if they can feel comfortable to trade, they will use it without overthinking. We already have many recommended CEX, and we still use it to trade. But if DEX can give the easiness to trade, maybe people will move to DEX. I think it's about a feeling of comfort that will make people like to stay on the CEX or DEX.

[Shasha80]

I'm not sure DEX will dominate the CEX, because the risk of DEX is much greater than CEX. It can be seen that there are still many
centralized exchanges used by investors and traders until now. And it must be admitted that there are a lot of scammers who use DEX
to do something illegal activities, this makes DEX look bad to some people. For myself why is it more comfortable to use CEX than DEX,
because the choice of coins for trading CEX is more than DEX.

[piebeyb]

people waste a lot of money on expensive transaction fees on uniswap, of course as we know high gas costs since a few days ago the erc20 token or ethereum token, so I will of course waste my money by buying and selling on uniswap DEX, I prefer to exchange CEX it does not use expensive fees, maybe the DEX trading volume is carried out by a few rich people who take advantage of the situation

[target]

Honestly I'm not getting how those so-called decentralized exchanges are decentralized.

What most really should bill themselves as is non custodial which is very important too but I doubt they think it looks as impressive.

For true decentralisation they need to leave domain names and hosting behind and switch to something on chain. Even then since most wallets are running off someone else's node you still might have sticky moments.

As far as I know they can leave domains after all they do have Apps for IOS and android just like bitsdaq and blocknet they can leave domains because they can be installed locally. Its hard for them to be located by users though if they won't have a webpage.
The projects in the past run like this back in the days where only wallets are to be downloaded from megaupload links.