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The co-founder of 1inch, Sergej Kunz, recently said that centralized exchanges (CEXes) will become little more than front ends (user interfaces) for decentralized exchanges (DEXes) and DeFi infrastructure. He also estimates that in 5-10 years, CEXes will no longer hold on to custodial control of assets.
He went on to explain in a Bitcoin News interview that CEXes are inefficient by design, hinting at how they’ll stop being the main locus of trade in the future.
Failure to adapt to new DeFi technology might render CEXes obsolete. In a more positive scenario, their role might shift to providing a friendly UI to decentralized trading, managed by smart contracts.
Sergej says that centralized exchanges now tend to isolate liquidity in…
