What's your opinion on the future of Decentralised exchanges

[kawetsriyanto]

DEXs will still exist in the future, but the number of people using them will be very small compared to CEXs. They will have a future as long as developers continue to improve them. Long-term speaking, DEXs will be able to live alongside CEXs allowing people to choose which platform to trade based on their needs. No one can predict the future, so we can only hope for the best. Just my thoughts

Do you think people will prefer to use CEXs in the future?
We know there are many bad issues with CEXs now. After FTX crashed severely, many people doubt to use CEXs, right? Although they don't leave it totally, CEXs reputation is decreasing. Don't you think it is a sign that people will trust on DEXs in the future? 

However, if we consider about the features of CEXs and DEXs, it seems CEXs is still more comfortable. The volume of crypto coins is also higher on CEXs. That's the main reason why people still choose CEXs nowadays.

[Mahanton]

Decentralized exchanges have been gaining popularity due to their transparency, security, and lack of central authority. While Binance is still a popular choice for many, the shift towards decentralized exchanges such as Uniswap and PancakeSwap may continue as users seek a more secure and reliable option.

But not would equal to those CEX when it comes to popularity considering that DEX is really that recommended if we do speak about security of our funds but we know that there are CEX features which cant be outmatched by a DEX and this is why its not shocking nor surprising  on why it is really getting more support by the community. The liquidity and volume is the proof that majority of us do really loves to hang out
with these centralized platforms.Yes, we do know the risks but we do let it aside considering on the perks and the usefulness on dealing up with these platforms.
It is really just that we do need to bare up on what dangers it do poses later on.

[abel1337]

Decentralized exchanges have been gaining popularity due to their transparency, security, and lack of central authority. While Binance is still a popular choice for many, the shift towards decentralized exchanges such as Uniswap and PancakeSwap may continue as users seek a more secure and reliable option.

But not would equal to those CEX when it comes to popularity considering that DEX is really that recommended if we do speak about security of our funds but we know that there are CEX features which cant be outmatched by a DEX and this is why its not shocking nor surprising  on why it is really getting more support by the community. The liquidity and volume is the proof that majority of us do really loves to hang out
with these centralized platforms.Yes, we do know the risks but we do let it aside considering on the perks and the usefulness on dealing up with these platforms.
It is really just that we do need to bare up on what dangers it do poses later on.

Yes both CEX and DEX do have their own advantage and disadvantage but I think both are important in crypto market and It will US users who will suffer incase one of them didn't exist. It always better to have choices. I personally use both, CEX for it's features that don't exist on DEX and the ease of use of it. It is also much easier to introduce a newbie in a friendly environment that a CEX have and bring them toward DEX when they have the necessary knowledge of how crypto works. Sooner or later, I hope that we can see DEX that will offer features CEX. When that time comes, I will probably go on an all in use of DEX.

[bots1]

I think, the future of Decentralized exchange looks promising as it offers several advantages over centralized exchanges. However, there are still some challenges that need to be overcome to make it more accessible and secure. As technology is constantly evolving, it is important to keep an eye on new developments and innovations in this space.

[GEMIN_M4]

There is no good growth in dex volume so far, the likes of GNS and GMX exchange are increasing in volume but not close to those you can find on swap platforms like Uniswap and 1inch, it seems people just like Centralised exchanges more than Dex even if they don't trust them as much, the usability of centralized exchange can't be compared to that of Dexs.

[Pierre 2]

I love mere existence of decentralized exchanges so far. But it is very hard for me to say that we need more decentralized exchanges in crypto world. Uniswap and Pancakeswap seem enough for me. I used them both. Especially experience with pancakeswap is so good and easy, user interface is so eye-candy. I wish they develop more things on dexes tho. Other than pools and farming I want opportunity with different topics, like airdrops, nfts, contests and such.

[justdimin]

I think, the future of Decentralized exchange looks promising as it offers several advantages over centralized exchanges. However, there are still some challenges that need to be overcome to make it more accessible and secure. As technology is constantly evolving, it is important to keep an eye on new developments and innovations in this space.

I think marketing is the most important one. Even though we say that it is decentralized, there is this small profit that goes towards the team that built it, and that profit should be used to market it a lot better.

You think things like pancakeswap, which is the biggest decentralized exchange in the BNB world, has no profits? They take a cut from every single trade made there, they can't intervene, they do not have any control, that is why it's decentralized, but they still do get a cut which is their profit, which was in billions last I checked. If they start spending that money, spend even just 100 million, which they can afford to, they could do marketing beyond anyone's measure, it would be all over the world.

[fvb]

People will still trust well-known exchanges such as Binance for example. Because there is a large selection of pairs to trade and more options compared to dex. It's just that users might be careful not to store large sums there.

[Cryptoababe]

Decentralised exchanges will be here forever and will have different kinds of better features with time. Because more developers are getting to have more knowledge on how to make exchanges work well without funds being controlled by any centralised entity. Also, we are now having different kinds of decentralised exchanges which is making it look like the improvement we are expecting are beginning to come.

[Kalchef]

The future is brighter for decentralized exchanges, you can easily tell by using the defillama website to track how many volumes are entering into decentralized exchanges, the number has grown higher a few weeks after FTX craziness ongoing, I think people are now realizing how important decentralized exchanges compare to centralized exchanges.

[Strongkored]

Decentralized exchanges have been gaining popularity due to their transparency, security, and lack of central authority. While Binance is still a popular choice for many, the shift towards decentralized exchanges such as Uniswap and PancakeSwap may continue as users seek a more secure and reliable option.

Both will always be there to complement each other, there is no need to compare which one will be at the forefront of the two because everyone has different preferences, those who like speed in transactions due to high trading volume will choose CEX, which is more concerned with security, will choose DEX, and traders will consider which of the two will provide more profit, for example transaction fees and others which can sometimes become obstacles in transactions.

[StormHawk]

If CEX is going to fail in the future it will be in a slow movement, gradually people will keep losing interest in CEX and they will start paying more attention to DEX, but right now Binance exchange is still giving people hope, that CEX is not going away anytime soon, we know that Binance is more reliable than any FTX, if something happens to Binance Exchange there will be no single trust left to back CEX.

[Furious 7]

Decentralized exchanges have been gaining popularity due to their transparency, security, and lack of central authority. While Binance is still a popular choice for many, the shift towards decentralized exchanges such as Uniswap and PancakeSwap may continue as users seek a more secure and reliable option.

Both will always be there to complement each other, there is no need to compare which one will be at the forefront of the two because everyone has different preferences, those who like speed in transactions due to high trading volume will choose CEX, which is more concerned with security, will choose DEX, and traders will consider which of the two will provide more profit, for example transaction fees and others which can sometimes become obstacles in transactions.

I agree with this because regardless of what the conditions are now it will be possible when they complement each other. The conditions are clear, they have their own strengths and weaknesses, so there is no end to comparisons like this, because our focus remains on what is best for one and always cornering the other for the two opposite camps. Rather than like that I prefer to use both of them to support my needs, what I can't do in centralized I do in decentralized and vice versa what I can't find in decentralized I will do in centralized.

[Abiky]

I love mere existence of decentralized exchanges so far. But it is very hard for me to say that we need more decentralized exchanges in crypto world. Uniswap and Pancakeswap seem enough for me. I used them both. Especially experience with pancakeswap is so good and easy, user interface is so eye-candy. I wish they develop more things on dexes tho. Other than pools and farming I want opportunity with different topics, like airdrops, nfts, contests and such.

There's been a lot of crackdowns into the crypto industry by mainstream governments (especially the US), so the more DEXs we have, the better it'll be for crypto/Blockchain tech in the long run. KYC is all over the place, hence the only solution would be to use a DEX that's outside the scope of the government. People are starting to recognize the inherent flaws of centralized exchanges (CEXs), so it should only be a matter of time before DEXs grow in terms of popularity and mainstream acceptance. Of course, we cannot deny the fact that fees are extremely-high on a DEX compared to a traditional CEX. Not to mention, CEXs have a better user experience and greater liquidity/trading volume than a DEX.

But I believe things will get better in the long run, as developers work hard on scaling techniques to help increase the transaction capacity of Blockchain networks. With L2 scaling solutions, you can say goodbye to CEXs for good. Who knows how far DEXs will go in the future? Just my thoughts

[Cadaver20]

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?

Decentralized exchanges are becoming popular nowadays. Currently the number of DEX is also increasing day by day. But I would still put centralized exchanges ahead of DEX. Trading on CEX is easier than DEX. Also some CEX like Binance, Kucoin can do P2P trading which is not yet possible in DEX.

[Pelana vreo]

The Cex and Dex exchanges have the same goal, which is to provide services and convenience for traders and investors.

I like Decentralized exchanges because all control is in the hands of the users, no KYC needed and Fiat transactions can be done by P2P.
However I can learn from Dex like Etherdelta and Forkdelta, the developer had a bit of trouble with the rules and currently the exchange is closed

[Iadegbola34]

The FTX saga only gave cex a dent in trust. Even if a lot of liquidity moved to Dex platform the big chunk of day-to-day trading volume still happen on Cex. People are now more wary and aware of the dangers associated with having asset in a cex wallet but it doesn't stop them from trading there.

[bastian466]

If the features provided by cex like diversity, convenience and etc are in dex maybe everyone will switch to dex exchange basically everyone expects cex to have a good level of security otherwise dex has to be more advanced.  dex technology must be developed again because traders and investors need convenience, privacy, maximum security, low costs and large liquidity

[errorcode99]

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?

We really live in a great contradiction. Of course, there are some logical reasons for this, but right now decentralized exchanges should be more popular and have market dominance. I'd like decentralized exchanges to be in a better position, but I don't have an optimistic forecast when I'm realistic.

[MIner1448]

It is possible that decentralized exchanges will receive more attention after FTX secrets are revealed, but this will depend on how these secrets are used and what consequences they may have for users of centralized exchanges. However, the trust of users in decentralized exchanges depends not only on the disclosure of the secrets of centralized exchanges, but also on how safe and convenient decentralized exchanges are to use. Decentralized exchanges have their advantages, such as the lack of a single control center, higher security, and open code, but they may also have some limitations, such as a more complex interface and lower liquidity.