Decentralized Exchanges Vs Centralized Exchanges

227 viewsEducation

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?

Binura lanka Thilakeratne Answered question July 29, 2024
0

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.

Binura lanka Thilakeratne Answered question July 29, 2024
0

China prepared and implemented regulations to help their e-yuan gets as best launch as possible. However, the regulations can not prevent Chinese to get more exposure to cryptocurrency and use it in their lives.

When their e-yuan gets enough success, I think they will allow crypto exchanges to operate in China mainland again.

Sashitha ilepperuma Answered question July 29, 2024
0

users are sometimes untrusting to deposit coins or tokens but they can avoid doing this with dex since assets stays in the wallet even when trading. were all familiar with uniswap which kyc is not needed as well which is what dex users want for privacy.

even dex today are prohibiting users from China. they prompt an update changes to their TOS about citizens from China. it doesnt sound dex when they do this.

Bianka Travis Answered question July 29, 2024
0