Summary
- It was reported that the monthly trading volume of decentralized exchanges (DEX) surpassed $300 billion, reaching an all-time high.
- The share of DEX in the total cryptocurrency trading volume has surged to 11%.
- Professional investors can find tokens on DEX that are hard to find on CEX.
The monthly trading volume of decentralized exchanges (DEX) has reached an all-time high.
According to The Block on the 20th (local time), the trading volume of DEX in November surpassed $300 billion. This exceeds the previous record of $260 billion set in May 2021. Additionally, the share of DEX in the total cryptocurrency trading volume, which was only 0.04% in 2020, has now risen to 11%.
Gracy Chen, CEO of Bitget, stated, "DEX and centralized exchanges (CEX) target different customer bases. The coexistence of the two exchanges depends on providing services to complementary niche markets."
She added, "CEX excels in liquidity, customer service, and user experience, while DEX is more suitable for professional investors looking for tokens that are hard to find on CEX."
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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