As the crypto economy witnesses its growing phase, I think what should determine the ability of a product to attract new users is the ease of use, and as we know, DEXs are still complicated for newcomers, thus most new people go to CEXs like Binance and Coinbase. In addition, marketing plays a major role in attracting new users, and there's no comparison between CEXs and DEXs regarding this point. Moreover, users might be victimized by phishing attempts when using DEXs. All these factors make me believe DEXs still have a long path before it become easily usable for everyone, regardless of their experience in crypto.
Privacy and security are very important, but after all, what people are still looking for is convenience and ease of use, so I don't think CEX will be phased out anytime soon and DEX will gradually replace CEX.
Personally, I'm still using CEX for my trading as well as converting to fiat, so I don't have too much prejudice against CEX. I just want to say that FTX crashes don't mean all CEXs will crash. Along with that, whether CEX or DEX has risks, DEXs are not absolutely safe, so we just need to be cautious when using them and never trust them completely.
