Non-custodial exchange volumes are trending higher, but challenges remain for the ecosystem’s long-term growth


Quick Take Today over 99% of crypto trading takes place on centralized exchanges (CEXs), but the trend is shifting to non-custodial or decentralized exchanges (DEXs) at a faster pace  Looking ahead, more users are expected to get shifted to DEXs, although challenges remain, protocol operators told The Block Uniswap founder Hayden Adams said when more fiat is tokenized, and there is more interest in trading between on-chain assets, that’s when “DEXs would crush CEXs” However, the real challenge for DEX operators is to convert CEX users, FTX CEO Sam Bankman-Fried told The Block read more

Yogita Khatri