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DEX 2020: Is It Really On a Tear?

August 7, 2020

Updated Jan 28 2025, 01:28

Crypto

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Since the launch of the Ethereum network, there have been a lot of rumors inside the cryptocurrency industry about the imminent collapse of centralized exchanges and the full transition to decentralized exchanges (DEX). Our analysts share the answer to the question of whether this can happen.

Despite all the problems associated with DEX, it became a new trend and gained trading volume much in mid-2020. Recent reports share that the total trading volume on Decentralized Exchanges (DEX) was over $4.3 billion, much higher than in previous months. The number of users of such exchanges is already comparable to the number of people trading on centralized platforms.

In our latest story on Medium, we try to get through the differences between CEX and DEX, its pros and cons, and what we think about DEX’s future.

medium.com