The trading volume of Coinbase exceeded Uniswap, which ran counter to the expectation of DEX surge
It is reported that many market observers predict that the use of decentralized exchanges will increase sharply after the collapse of FTX last year, but analysts say that many users’ experience provided by DEX is not as friendly as that of centralized exchanges. According to a report from Kaiko, a cryptocurrency company, the trading volume of Coinbase, the cryptocurrency exchange, has exceeded the popular decentralized trading platform Uniswap this year. Kaiko said that as of last Friday, the trading volume of Coinbase had exceeded $185 billion, almost twice that of Uniswap’s $93 billion. At some point in 2022, the trading volume of each exchange is almost equal. Conor Ryder, a research analyst at Kaiko, said that the call for a transition to DEX seemed “a bit premature” because the centralized exchange (CEX) still played a key role in attracting ordinary investors.
Interpretation of this information:
The use of decentralized exchanges (DEX) was expected to increase after the collapse of FTX last year, but analysts say that DEX’s user experience is not as friendly as centralized exchanges. A report from cryptocurrency company Kaiko shows that the trading volume of Coinbase has exceeded that of Uniswap this year. As of last Friday, Coinbase’s trading volume was $185 billion, while Uniswap’s was $93 billion. Analysts predict that in 2022, the trading volume of each exchange will be almost equal. However, Conor Ryder, a research analyst at Kaiko, believes that the call for a transition to DEX is premature as centralized exchanges still attract ordinary investors.
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