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RE: CEXes Are Still More Revelant Than We Care to Admit

in LeoFinance2 days ago

Most of these exchanges on the screenshot have less HIVE deposited and less volume than hive-engine. Centralized exchanges are still popular here on HIVE cause hive users are few years behind whole business and really like or even prefer centralization.

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In reality when you look through arguments under this post you will notice miss conception about need for cex. Cex indeed is kinda necessary as fiat ramp but relation between HIVE/any crypto itself and CEXES is marginal, you should look towards general liquidity, and no kyc access, cause eventually you can use any exchange to trade your eth or btc to fiat, if before you can trade your worst shitcoin to eth or btc.

Personally, I agree with your points of view. I have avoided CEXes for years even if in some cases was to my detriment because I needed to take long and more costly (both in time and fees) routes. Even these days I prefer to trade on the internal market even if the liquidity may be insufficient (or conversions if I have to), rather than go to Binance (and go through KYC again).

But there are still enough people using them for one reason or another. And as much as I like to see our decentralized routes being developed and grown, probably a listing on Coinbase would be beneficial.