April 23, 2019, 7:36AM EDT
• 3 min read

Skeptic’s lens: Can Binance revive DEXs?

Quick Take

  • There is as much volume on non-custodial exchanges in a month as Binance’s volume in the last two hours
  • The volume coming from non-custodial exchanges only comes to about 0.3% of the total (legitimate) traded volume traded on centralized exchanges
  • Non-custodial exchanges haven’t caught on because they are generally slow and impractical
  • Binance is a frontrunner to popularize non-custodial exchanges but first, it needs to become more independent of Binance itself and it needs to figure out a way to enable trading of non-Binance Chain cryptocurrencies 

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