Decentralized Exchanges Vs Centralized Exchanges
Decentralized Exchanges Vs Centralized Exchanges
Recently, we heard a lot of issues about centralized exchange especially the China crackdown on some centralized exchanges like they have this law for people of China about restricted to have activities on most the centralized exchanges.
And here’s the decentralized exchanges starting to make some noise, and I always heard dydx exchange, serum, uniswap, etc.
So, as traders. For you, what is/are the advantage is disadvantages of using decentralized exchange over centralized exchange these days?
Apart from the benefit of KYC, I guess users will have more stable market as most CEXs are manipulating the market movement. Last night, there was a big drop of BTC to $50k for a while but it was to liquidate the future traders position. If DEXs are mostly used, there will be no party to have our fund on custodial and no one will be able to manipulate the market by our funds. Well, still, there will be whale but without the help of CEX, they will not be able to influence the market much.