April 23, 2019, 7:36AM EDT
• 3 min read
Skeptic’s lens: Can Binance revive DEXs?
- 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