Investors are back into Bitcoin but DEXs are still the future of crypto

Cointelegraph

Published Nov 09, 2020 05:06PM ET

Updated Nov 10, 2020 07:00PM ET

Bitcoin’s long-waited bull run and the recent wave of corporate and institutional investors allocating significant portions of their reserves to Bitcoin (BTC) are all signs that the pace of crypto’s mainstreaming is rapidly accelerating: But has the path to mass adoption come at the cost of privacy and decentralization?

Know Your Customer and Anti-Money Laundering laws have forced the majority of cryptocurrency exchanges to become more transparent about who their users are, and those who refused have had to limit the jurisdictions in which they can offer services.

Total value locked in Synthetix. Source: DeFi Pulse
Total value locked in DeFi. Source: Digital Assets Data
DEX daily active users. Source: Digital Assets Data

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