Foresight or folly? Data show 70% of exchanges are unmoved by DeFi volume

Foresight or folly? Data show 70% of exchanges are unmoved by DeFi volume


A recent survey by cryptocurrency data aggregator, CryptoCompare, shows that centralized exchange operators do not see the emergence of decentralized trading venues like Uniswap as a threat despite growing volume and activity in the DeFi space. 

In its September exchange review, CryptoCompare asked 26 of the leading venues in the space how likely it was for DEX liquidity to overtake that of centralized exchanges in a 2-year time span. 70% of those interviewed said that decentralized exchanges will not overtake centralized exchange volume due to their lack of liquidity.

Only 7.7% of the representatives found that it was a likely event, while 19.2% remained neutral. As shown below, 34.6% of the participants believe it is unlikely and 38.5% say it is very unlikely.

DEX liquidity survey results. Source: CryptoCompare

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