Figures from this Reuters article on the merits of CEXs vs DEXs
https://www.reuters.com/markets/currencies/cryptoverse-lets-talk-about-dex-baby-2022-11-22/
There has been a broader, more subtle shift to decentralized exchanges, with data from Chainalysis showing overall monthly trading volumes on DEXs were between $181.5 billion and $240.3 billion from August through October, compared with a range of $173 billion to $203.5 billion for CEXs.
This just confirms that DEXs are the natural direction of travel for crypto.
CEXs carry over the problems of fiat banking: you have to surrender control of your funds and hope you're dealing with an honest broker.
Crypto should be better than this. It should be about self-custody, and self-governance. This is what DEXs provide.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments