CEX vs. DEX

cryptostukov
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CEX vs. DEX

When we look at what happened to FTX.com and what is about to happen to Crypto.com I understand the importance of DEXs.

Besides decentralisation and transparency of TVL one important advantage the DEX has vs a CEX is a default segregation of funds. That literally means the users funds are safe from greed of any centraliser that wants to gamble your money in order for him to gain more revenue.

I love Binance, but frankly I fear that they could one day have the same faith of other CEXs. Maybe I am wrong and time will prove me wrong, but until then I will move all my coins off from an CEX and move them to Pegasys.finance that runs in Syscoin.

This has been my home in the last 5 years, so there is zero reason for me to trust my funds with any other platform or God forbid any CEX. In my opinion CEXs will become simple on-ramp for fiat in order to buy crypto. DEXs are the future, especially those that will use rollups and L2/L3 for transactions not L1.

Keep your eyes wide open for what Syscoin has in the hat for us!

Cheers!