Centralized Crypto Exchanges Will Remain Dominant Despite FTX Collapse: JPMorgan

Centralized exchanges will continue to control a majority of global digital asset trading volumes, JPMorgan said, contradicting some crypto-native experts anticipating a structural shift toward decentralized platforms in the wake of FTX's collapse.

The analysts also cited the absence of a limit order/stop loss feature on DEXs, their dependency on price oracles that source data from centralized exchanges, vulnerability to hacks, exploits, the need for over-collateralization and systemic risks from the cascade of automated liquidations as hindrances to widespread adoption.

Since Sam Bankman Fried's centralized exchange FTX went bust, activity on decentralized exchanges has picked up, withshowing trading volumes on decentralized platforms up 68% to $97.22 billion this month, the highest since May. "With users' confidence in CEXs shaken following the collapse of FTX, and the resilience DEXs has shown to the contagion in the market, we expect increased adoption of DEXs in the coming months among market participants," CryptoCompare's Hosam Mahmoud said in a report published on Nov. 23.

godbole17 ProtonDex .

godbole17 It has to be because Defi can’t regulate itself. Look how much people have stolen and ran off with and nobody does shyt.

godbole17 They'll remain dominant because they're easy to use People will follow the path of least resistance If we want them to go to DeFi make DeFi as easy to use or easier

godbole17 Jamie dimon: crypto is a scam and not safe for consumers. Also jamie dimon: here's my patent for a crypto wallet we hope people love. 🤪

godbole17 Why does everyone keep calling it a collapse! They stole the money!

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