What's your opinion on the future of Decentralised exchanges

[nara1892]

FTX's downfall is indeed still a quite dire scourge as well as a warning alert for other exchanges because no matter how good it is, sometimes when we don't know what the depth is, it's also very difficult.
But talking about Binance there is a slight difference it seems and indeed they are still going to be on top now but we also can't say that this will also be free of suspicion because vigilance still has to be exercised now especially after some of the events that have happened right now.

[Finestream]

Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂  but it seems like Uniswap and Pancake will take the lead in near future?

I couldn't assume that this will affect and influence attention to the community but what just I see is that what happened to FTX will affect the trust in CEX.
And even Binance could not escape from it and the criticism made but of course, reputable exchanges whether it was Centralized or Decentralized exchanges will remain active and stand strong despite what is happening around them because their intention is not to fail people's views and scams traders but for them to give satisfying services and can be trusted.

Reputable exchanges will always be reputable, unless if they start changing their perception and start ruining their own credibility. But I know having Binance as the topmost reputable centralized exchange, will always be like that because they have set their goals and have eventually achieved it in the longest period. However, with FTX scandal, everyone is scared now to trust another centralized exchange, so if there will be proven reputable decentralized exchange, for sure it will pave its way now and start to be noticed.

[Ziskinberg]

FTX's downfall is indeed still a quite dire scourge as well as a warning alert for other exchanges because no matter how good it is, sometimes when we don't know what the depth is, it's also very difficult.
But talking about Binance there is a slight difference it seems and indeed they are still going to be on top now but we also can't say that this will also be free of suspicion because vigilance still has to be exercised now especially after some of the events that have happened right now.

That certainly has a huge impact on the industry but I know people know how to assess exchanges if they can be trusted or not. Despite the situation, traders are not leaving CEX (like Binance) because they believe that this is just an isolated case. But yes, this issue could lead to some worries in the later part that one day there is another scam story happening again, and the more they are careful about their money and gives them a lesson for not leaving their funds in the exchanges even if it was reputable.

[serjent05]

Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂  but it seems like Uniswap and Pancake will take the lead in near future?

Yes, I think the decentralized exchanges will have more attention but it will be short live.  Centralized exchanges offer ease of transaction way more than decentralized exchanges.  Centralized exchanges have way more liquidity despite the risk shown by the FTX collapse.  I think decentralized exchanges need more development in order to deliver what the centralized exchanges services deliver to their users.

Despite that, I still believe that decentralized exchanges are the way to go to complement the pseudo-anonymity created by Bitcoin transactions.

[kelonmusk]

DEX allows you to swap your crypto easily and directly, which means you don't have to deposit your funds on a centralized exchange. This means your funds are stored in a smart contract then swap to other tokens like BNB, BUSD, or anything you want.

One thing is certain, we as crypto users or traders still have to use CEX to bridge it so that tokens swapped on the DEX with country currency, can then be withdrawn through the Bank.

[bittraffic]

Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂  but it seems like Uniswap and Pancake will take the lead in near future?

I couldn't assume that this will affect and influence attention to the community but what just I see is that what happened to FTX will affect the trust in CEX.
And even Binance could not escape from it and the criticism made but of course, reputable exchanges whether it was Centralized or Decentralized exchanges will remain active and stand strong despite what is happening around them because their intention is not to fail people's views and scams traders but for them to give satisfying services and can be trusted.

Reputable exchanges will always be reputable, unless if they start changing their perception and start ruining their own credibility. But I know having Binance as the topmost reputable centralized exchange, will always be like that because they have set their goals and have eventually achieved it in the longest period. However, with FTX scandal, everyone is scared now to trust another centralized exchange, so if there will be proven reputable decentralized exchange, for sure it will pave its way now and start to be noticed.

We haven't seen any difference to the rules of the CEX so far but due to FTX scams and SEC extending thier hands over to the EU and ASIA might change how CEX operates like banning BTC addresses linked to Russia or something like this which will make people go to DEX.

Last bullrun the volume on DEX like uniswap beats other CEX. That was the first so far we have seen. The order book type of DEX however is not very enticing.

[AakZaki]

The trust on centralized exchanges has diminished a bit, but I still use Binance as my trading platform even though it still carries the same risks as FTX. but I don't keep all my assets on Binance.
For decentralized exchanges like Uniswap,pancake and others, I also use it, it doesn't mean that decentralized exchanges are very safe, there have been instances where someone loses their assets on decentralized exchanges due to almost the same site and linking wallets with phishing sites.
Everything still has a risk of loss, the best security also lies with the user and the user must be more vigilant.

[tvplus006]

Centralised exchanges are not only useful for converting crypto to fiat. CEX offers margin trading, which DEX does not yet have and probably will not in the near future. This is probably the only difficulty for DEX at the moment. If it were implemented, many people would probably give up on CEX.

I think dex could offer margin trading as well, it would be difficult but not impossible...

Margin trading has already been implemented on the decentralized exchange Dydx.exchange. So now centralized exchanges have lost their monopoly on margin trading. There may be other DEX on which margin trading is available, but I don't know about it.

[BIT-BENDER]

The trust on centralized exchanges has diminished a bit, but I still use Binance as my trading platform even though it still carries the same risks as FTX.

Many people wait until they experience things themselves before they learn. I don’t think there should be any trust in centralized exchange in the first place and the FTX downfall is just another case solidifying this fact.

Centralized exchange is synonymous to you not owning nothing, and you are under the mercy of the Exchange. Centralized exchange would be an avenue the government would use to get some hold in crypto-currency.

[o48o]

Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂  but it seems like Uniswap and Pancake will take the lead in near future?

Even CZ has told that he sees future in decentralized exchanges, and the amount of fighting lawsuits and hackers they have to deal with i believe that it must be nerve breaking to run a cex.
However i see cex as a necessary evil unless we figure out decentralized way to buy cryptos with fiat money and i can't see that happening in any way.

We might see the good volume for DEX transanctions again after what happened to CEX. Many started to transfer their funds to their personal wallet and if there’s a good update for DEX then we might be able to see big changes and maybe DEX can have a good volume again. The issue of FTX is a wake up call to everyone, we should start thinking for the best alternative, and make no mistake again.

This wasn't the first time a cex has fallen, and while it was probably bigger then any earlier fiasco, it seems to have similar elements. Like the fact that people are again going for dex. But in a few years they forget what happened and move back to CEX. This has happened before. And to top of it there could be faulty smart contract getting hacked in some DEX and people lose trust on DEXes for a while.

[Abiky]

Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂  but it seems like Uniswap and Pancake will take the lead in near future?

Hate to break it to you, but the vast majority of so-called "decentralized exchanges" aren't as decentralized as they claim to be. PancakeSwap is "living" on a centralized blockchain network (BNB), while there have been cases of censorship from Uniswap (not to mention the developer team didn't disclose Uniswap V3's source code to help prevent forks from getting traction). People will simply continue using centralized exchanges because they're easier to use, and have a wide balance sheet unlike their decentralized counterparts. With issues such as low performance, high fees, and low liquidity on DEXs, centralized exchanges will be here to stay.

FTX's collapse is just history repeating itself, where a major crypto exchange Mt. Gox went all the way down the drain a couple of years ago. Centralized exchanges will learn from FTX's mistakes and come back bigger and stronger than ever. With regulations weighting on the industry, it seems to me centralization will prevail in the long run. Just my thoughts

[GreatArkansas]

Decentralized Exchange (DEX) is the future. For now, a lot of people still don't appreciate these decentralized exchanges and they have some reasons for it.
Like why they intend to stay using centralized up until now.
I'm not telling centralized exchanges are really bad, but there are just pros and cons to both centralized/decentralized exchanges. Depends from your goal if decide which one to use.

[AakZaki]

Many people wait until they experience things themselves before they learn. I don’t think there should be any trust in centralized exchange in the first place and the FTX downfall is just another case solidifying this fact.

Centralized exchange is synonymous to you not owning nothing, and you are under the mercy of the Exchange. Centralized exchange would be an avenue the government would use to get some hold in crypto-currency.

FTX is the latest case today and previously MT.Gox and several other centralized exchanges have been pretty clear examples of trust in centralized exchanges. it is very risky, but trading platforms that are still popular today are still on a centralized exchange.
I only trade and do not deposit fully on a centralized exchange, I know this is a risk and I have to bear it.
The government has strong authority on centralized exchanges and has the authority to provide any regulation including taxation as a source of government revenue from crypto transactions.
I am aware and even you are also aware that all of that has risks, the choice is on each other's shoulders and I still use risky choices.

[zasad@]

Decentralized Exchange (DEX) is the future. For now, a lot of people still don't appreciate these decentralized exchanges and they have some reasons for it.
Like why they intend to stay using centralized up until now.
I'm not telling centralized exchanges are really bad, but there are just pros and cons to both centralized/decentralized exchanges. Depends from your goal if decide which one to use.

There is no future for decentralized exchanges. In a few years, most of the cryptocurrency market will be regulated by the SEC and similar regulators. Recently, in a closed group, there was a conversation with a representative of a major exchange from the top 20.
Regulators send them recommendations, but do not force them to comply with these requirements. The requirements of the SEC apply to most countries, and if a crypto exchange refuses to comply with these requirements, then it will be banned in many countries. The same applies to large decentralized exchanges. They will all cooperate with regulators.Of course, there will be ways of decentralized exchange in new projects, but they will be greatly inferior in terms of liquidity and opportunities.

[Flexystar]

They will take some amount of attention for sure, and definitely more than what they used to get before FTX aftermath. However, it may happen that people will forget the incidence that happened and get back to the normal routine one more time in the future. This is odd to read but we have seen how humans behave in the long run. They will always start going back to those regularities which they used to follow before any bad incidences because they think air's been cleared and they are open to access the previous steps one more time. I am not sure how it will work with decentralised exchanges in long run but investors are greedy, they will get back to high volume based exchanges one more time.

[iv4n]

Decentralized Exchange (DEX) is the future. For now, a lot of people still don't appreciate these decentralized exchanges and they have some reasons for it.
Like why they intend to stay using centralized up until now.
I'm not telling centralized exchanges are really bad, but there are just pros and cons to both centralized/decentralized exchanges. Depends from your goal if decide which one to use.

There is no future for decentralized exchanges. In a few years, most of the cryptocurrency market will be regulated by the SEC and similar regulators. Recently, in a closed group, there was a conversation with a representative of a major exchange from the top 20.
Regulators send them recommendations, but do not force them to comply with these requirements. The requirements of the SEC apply to most countries, and if a crypto exchange refuses to comply with these requirements, then it will be banned in many countries. The same applies to large decentralized exchanges. They will all cooperate with regulators.Of course, there will be ways of decentralized exchange in new projects, but they will be greatly inferior in terms of liquidity and opportunities.

I can't agree with this... there will always be decentralized exchanges. And I also think it's the future, the bottom line is that with DEX exchanges a user can keep some level of anonymity and privacy and at the same time have the highest possible protection of his funds, people just need to recognize that. CEX exchanges are holding more than 90% of the crypto market, but with time people will learn more about crypto and decentralization and that will go in favor of DEX.
DEX exchanges are fighting for "Volume", and I think it would be better for all of us to see them winning. I guess we are talking about decades here, but DEX is a lot more honest approach than CEX, where a handful of people can bully others if they feel like it (latest FTX downfall).

[Xal0lex]

Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂  but it seems like Uniswap and Pancake will take the lead in near future?

I'm not sure if DEX will ever completely replace CEX. I even admit that DEXs will also become regulated and collect user data. Now DEX is very far from the convenience that the user gets when working with centralized exchanges. He doesn't have to worry about those networks, wallets, bridges, slippage and other risks that come with using DEXs.

[Silberman]

Decentralized Exchange (DEX) is the future. For now, a lot of people still don't appreciate these decentralized exchanges and they have some reasons for it.
Like why they intend to stay using centralized up until now.
I'm not telling centralized exchanges are really bad, but there are just pros and cons to both centralized/decentralized exchanges. Depends from your goal if decide which one to use.

I really think that decentralized exchanges have not really perfected their technology yet, which is why centralized exchanges are still going to be the leaders of this market when it comes to the volume they manage, however as governments impose more heavy regulation to this industry and centralized exchanges are forced to comply the greater the chances decentralized exchanges become more and more popular, and they can finally begin to rival the volume of their centralized counterparts.

[taufik123]

I really think that decentralized exchanges have not really perfected their technology yet, which is why centralized exchanges are still going to be the leaders of this market when it comes to the volume they manage, however as governments impose more heavy regulation to this industry and centralized exchanges are forced to comply the greater the chances decentralized exchanges become more and more popular, and they can finally begin to rival the volume of their centralized counterparts.

Before popular centralized exchanges, decentralized ones were known beforehand, such as decentralized exchanges in the past which were the most widely used, namely Etehrdelta with a simple user interface but made many contributions to other decentralized exchange developers.

Nowadays when centralized exchanges become the most widely used exchanges, customer trust is undermined by various kinds of hacking and misuse of customer funds. and the centralized exchange that is still standing strong today is Binance and I am also still using it, Binance is charging SAFU's current fund of $1 Billion for user asset security.

[vickyes]

I have no opinion, I think the more the better, so that the best exchanges can be precipitated, which can make our assets safe and prevent us from being manipulated by centralization.