In the last couple of months we have seen a lot of things go downhill in the market especially around centralised exchanges.
FTX going down and then news coming in everyday around Binance also having some issues. I have been a bit scared of the centralised exchanges
In such cases I have been looking my funds to Dexes but find many difficulties. I was thinking what holds back players in the market creating an easy to use app like CEXes but be decentralised in the background?
Also, What are some issues you face today on DEXs that you still use CEXs?
Liquidity soluitions are a big deal for attracting LPs: https://cryptonews.net/news/market/12085827/
CEXs can do voodoo in a black box and settle trades later, but a DEX needs liquidity at the time oftrade, and it needs LPs to do that.
I don’t really face any issues. Uniswap and Quickswap are huge DEXs on Polygon that I use almost daily. I think a ton of people who use CEXs just don’t know any better.