Decentralized exchanges (DEXs) are becoming increasingly popular among retail traders and semi-professional quants, as highlighted by Jamie Elkaleh, the chief marketing officer of Bitget Wallet. This shift in trading preferences reflects a broader trend in the cryptocurrency market, and The source notes that this trend is likely to continue as more users seek greater control over their assets.
Attraction of Retail Users to DEXs
According to Elkaleh, retail users are particularly attracted to DEXs due to their airdrop cultures and points systems, which enhance user engagement and incentivize trading. On the other hand, semi-professional quants are drawn to the low fees and rapid execution speeds that DEXs offer, making them a viable alternative to traditional trading platforms.
Institutional Trading and Centralized Exchanges
Despite the growing popularity of DEXs, institutional trading desks still predominantly rely on centralized exchanges (CEXs) for their robust support of fiat transactions and compliance services. However, Elkaleh pointed out that the gap in execution quality between DEXs and CEXs is narrowing.
Evolution of Orderbook-based DEXs
Orderbook-based DEXs, such as:
- Hyperliquid
- dYdX v4
are now achieving performance levels that were previously only available on centralized platforms, indicating a significant evolution in the decentralized trading landscape.
Currently, as Dexari's Affiliate Program gains momentum with its exciting trading competition, traders are also urged to stay informed about the evolving market landscape. Recent developments, including the delisting of trading pairs by OKX, underscore the necessity of vigilance in these dynamic times. For a deeper understanding of how cryptocurrencies like Floki (FLOKI), Sui, ADA, and VeChain (VET) are responding to rising PayFi interest, read the full article here.
