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Strategies & Market Trends : Blockchain and Cryptocurrencies -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (3803)9/28/2021 4:01:17 PM
From: Elroy  Read Replies (2) | Respond to of 6714
Exchanges are a volume game. Binance, Huobi and OKEx still dominate the crypto industry, but a loss of Chinese customers could have some impact on their businesses.
Then there's DeFi — self-running software programs for financial transactions that operate on blockchains and don't depend on a central intermediary.

If DeFi works, and becomes inexpensive (I hear the fees are quite high now, but they should decline) then why do we need exchanges at all? DeFi seems likely to over time cause the end of exchanges, which fits in well with the blockchain concept of eliminate the rent seeking intermediary.