@0xsp
Why Dexs Always Win Against CEXS:
- Can't steal your funds
- No kyc - trade immediately
- Can't freeze your account
- Can't selectively front-run you
- No withdrawal limits or delays
- Trade 24/7 even during 'maintenance'
- Composable with all defi protocols
- No geographic restrictions
- Self custody - actually own your assets
- Transparent order books and liquidity
- Can't be shut down by governments
- Audit trail lives onchain forever
- Works even if company dies
- Integrate into any app via smart contracts
CEXS are trusted third parties. DEXS are trustless code.
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