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we have lots of decentralized exchanges: uniswap, paraswap, dydx, loopring, etc.... not sure why more people dont use them, perhaps fooled by the convenience/
by ricochet11 4y ago
we have lots of decentralized exchanges: uniswap, paraswap, dydx, loopring, etc....
not sure why more people dont use them, perhaps fooled by the convenience/ marketing/ promotional lures of CEXs.
- seaal 4y agoFees are generally much lower when trading on a CEX, especially with small amounts.
- doorman2 4y agoI guess that makes sense given that the CEX can simply update values in their own (non-blockchain) database. This highlights that blockchain tech isn't really ready for prime-time use, yet. If the cost / tx could be brought down significantly, then there would be no need for a CEX.