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Author Topic: What's your take on CEX platforms integrating DEX capabilities like swapping?  (Read 350 times)
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November 16, 2023, 03:25:55 AM
 #41

I prefer CEX. I know this doesn't seem like a true characteristic of crypto. but they don't cost too much in contrast to DEX where all activities require fees. even if it is small but if done repeatedly the result will still be quite large, at least it is bigger than CEX. Another advantage of CEX is that any mistake can still get help, in contrast to DEX where one mistake will completely lose our assets.
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November 16, 2023, 03:50:08 AM
 #42

if we are true crypto enthusiasts I'm sure we will be happy with DEX. It's just that this has quite a few limitations, such as expensive consecutive transaction fees and sell orders that cannot be placed. Even the trend form of DEX is quite complicated to understand because any coin from the blockchain can enter there and the exchange is usually free, you just need a liquid pool.

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November 16, 2023, 04:04:52 AM
 #43

I am very enthusiastic about crypto. my last few trades were on the DEX market. This is no less scary than the futures market. but they provide many benefits with low capital with high increases. but it is very difficult to find fundamentals there, because there are countless new coins released in a day. and DEX is not suitable for those just starting out.

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November 17, 2023, 09:04:38 PM
 #44

I prefer CEX. I know this doesn't seem like a true characteristic of crypto. but they don't cost too much in contrast to DEX where all activities require fees. even if it is small but if done repeatedly the result will still be quite large, at least it is bigger than CEX. Another advantage of CEX is that any mistake can still get help, in contrast to DEX where one mistake will completely lose our assets.
At the end this is a matter of preference and no one is going to force another to use their coins in a way they do not want, I think that at this point it is undeniable that a CEX is more practical than a DEX, however DEXs are slowly improving, and while it would seem that a CEX will always be more practical than a DEX, if they are able to close the gap and make it as small as possible then I would expect a great deal of people deciding to use a DEX over a CEX.

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November 17, 2023, 10:22:31 PM
 #45

The part I really would love to see would be Liquidity providing, because we have so much crypto being just held for no good reason at all, and yes I know that if you end up putting way too much into something the result would not be all that much profiting, like for a btc/usdt pair, there would be billions at a place like Binance and that would mean that LP would not make you a lot of money, but even %0.1 a year is better than zero, so I think something like that would be great, plus there are hundreds of pairs in tens of exchanges that could be done. Yes that would be weird to see on a CEX, but it would definitely allow people to have a chance to make money, only if we can figure out a way to stop the bots that just ruin the price of something using LP automatically.

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November 17, 2023, 11:24:34 PM
 #46

I don't think so, unless it's truly useful to add swapping features. Binance already has the same feature, instead of "swap," they use "convert," and you don't have to pay a fee because there is zero fee. So, if that swapping feature is going to pay for the fee, I don't think there's anything new that will surprise us.



I prefer CEX. I know this doesn't seem like a true characteristic of crypto. but they don't cost too much in contrast to DEX where all activities require fees. even if it is small but if done repeatedly the result will still be quite large, at least it is bigger than CEX. Another advantage of CEX is that any mistake can still get help, in contrast to DEX where one mistake will completely lose our assets.
At the end this is a matter of preference and no one is going to force another to use their coins in a way they do not want, I think that at this point it is undeniable that a CEX is more practical than a DEX, however DEXs are slowly improving, and while it would seem that a CEX will always be more practical than a DEX, if they are able to close the gap and make it as small as possible then I would expect a great deal of people deciding to use a DEX over a CEX.
Even as it improves, CEX is also working to make it better, more efficient, more user-friendly. I believe we should not compare these two because they are not the same. I believe it is preferable to compare CEX to another CEX and DEX to another DEX.
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November 18, 2023, 12:29:59 AM
 #47

I am very enthusiastic about crypto. my last few trades were on the DEX market. This is no less scary than the futures market. but they provide many benefits with low capital with high increases. but it is very difficult to find fundamentals there, because there are countless new coins released in a day. and DEX is not suitable for those just starting out.
dex was meant to give easiness for new coins to get listed and also it isn't really for the purpose of trading but instead for swapping and investing I think that what makes cex difference if compared with dex aside from the perspective of decentralization, thats why sometime liquidity in dex also really low that sometime the trading volume in cex is about few millions and in dex its about few thousand dollars.
cex integrating dex features is just a business decision for the sake of getting the best of both worlds.
but yes, its true that dexes usually aren't really newbie friendly, cex usually are more friendly for newbies considering UI and don't need to think about the gas fee and many more, its overall suitable for newbie because it was designed with that in mind meanwhile dex give alternative with its fast nature of swapping.

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