Haldor



Offline



Activity: 143

Merit: 10



BBOD - The Best Crypto Derivatives Exchange







MemberActivity: 143Merit: 10BBOD - The Best Crypto Derivatives Exchange

Re: Centralized exchange will be soon dominated by Non-Custodial Exchanges July 27, 2019, 05:13:22 PM #13 Quote from: SquallLeonhart on July 27, 2019, 04:21:57 PM There is no one doubting or arguing that most trade are done over centralized exchange which we all know and accept this, all these famous exchanges you talked about like Binance, Huobi, Polenix, Bitfiniex, Bitmex and many more too didnt deny that the exchange system they developed is a centralized one, there are so many decentralized exchange that we have an d I mean real decentralized exchanges, but we are the ones that have not really encouraged them



Few are those people that do patronize dex and which is why they have very low trading volumes and end up not succeeding. The technology you talked about, another thing is to develop a technology, and another thing is for people to accept it, the success of many projects depends on the interest of the people, and to me, I think people are just comfortable with centralized exchange for now.



Hi SquallLeonhart,

You made a good point : 'people are just comfortable with centralized exchange (CEX) for now' - until something (hack, regulatory intervention, insolvency) happens !



Are you sure that your exchange has enough funds to withdraw all coins to clients ?? CEX have no obligation to separate the clients funds from the funds for marketing, salaries so the exchanges may use clients funds how they like.

At HEX, like BBOD, all balances of the clients smart contract accounts are visible on the blockchain (e.g. via Etherscan.io website). In comparison, traders deposits at centralised exchanges are located in one or several large wallets controlled by the owners of the exchange. Hi SquallLeonhart,You made a good point : 'people are just comfortable with centralized exchange (CEX) for now' - until something (hack, regulatory intervention, insolvency) happens !CEX have no obligation to separate the clients funds from the funds for marketing, salaries so the exchanges may use clients funds how they like.At HEX, like BBOD, all balances of the clients smart contract accounts are visible on the blockchain (e.g. via Etherscan.io website). In comparison, traders deposits at centralised exchanges are located in one or several large wallets controlled by the owners of the exchange.