[Trend]Binance exchange announces its plan for DEX following Bitfinex

New player in DEX

A few days ago, Bitfinex announced its roadmap for EOSfinex---Decentralized exchange based on EOS.

Yesterday, another giant exchange---binance also annouced their plan for DEX. It will be based on its current platform coin BNB. According to Binance,
“Binance was growing too quickly, and too busy to start anything else,” CEO Changpeng Zhao said on Twitter. “So, all we could do is, to just start one more Binance.”
It seems that different from EOSfinex, binance will launch binance DEX without shutting down the current one, it just provides another choice. DEX is superior on some aspects such as transparency, and security, but the performance in terms of speed and user experience are often criticized.

A backup or a trend?

Considering the regulation policy of exchange in China, developing DEX might be a backup, because it can not be shut down. However, the DEX dominated by Binance is hardly be fully decentralized, just like Cybex. It's better be called distributed. In other words, if the government want to shut down Binance DEX, it can.
I think the real purpose that Binance choose to develop DEX is because DEX is a trend, especially after the hacker crisis last week. People just simply doesn't trust centralized exchange anymore. As to the performance and user experience, these can be improved anyway. For example, if using EOS as bottom chain, it's performance won't be worse than mainstream exchange.

Bitshares --- the platform for all exchanges

When EOS is still in development and the future is unclear, choosing Bitshares as blockchain for exchange is the best choice. Nowadays, a few exchanges have already been running on Bitshares, such as openledger, cryptobridge, btsabc, gdex,io, hellobts.com, winex.pro. When more and more exchanges join Bitshares, users will be easily move or trade their funds among exchanges. What the exchanges need to do is the customer service and fiat gateway.