Decentralized Exchanges Beat Centralized Counterparts for On-Chain Flows: Chainalysis
Decentralized crypto exchanges (DEXs) have their pros (limitless crypto trading pairs) and their cons (difficult onboarding experiences) when compared to the centralized exchanges (CEXs) of the world. Nonetheless, they are rising in popularity.
While those figures don’t speak to bottom-line trading volumes, they do highlight how DEXs offer a viable alternative to CEXs. But a transition from CEXs to DEXs raises concerns as to how this growing sector of crypto will be regulated. Decentralized exchanges are self-executing, and for better or for worse lack the human element of centralized exchanges. That means they’re harder to regulate. When asked about the future DEX dominance, McMahon said regulation will likely play a role in these numbers.
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