According to news on February 28, many market observers expect the use of decentralized exchanges to surge after the FTX crash last year, but analysts say that many DEXs provide a less user-friendly experience than centralized exchanges.
Cryptocurrency exchange Coinbase has surpassed popular decentralized exchange Uniswap in trading volume this year, according to a report from crypto data firm Kaiko. As of Friday, Coinbase’s trading volume has surpassed $185 billion, almost double that of Uniswap’s $93 billion, Kaiko said.
At some point in 2022, their respective volumes will be nearly equal. Kaiko research analyst Conor Ryder said calls to transition to DEXs looked “a bit premature” as CEXs still play a key role in attracting ordinary investors.
