Vitalik Buterin: Central Stock Exchanges Hell Costs

Ethereum founder Vitalik Buterin gave the central crypto money exchanges. Hoping that these stock exchanges disappear as soon as possible, Buterin is aware that this wish will not come true.

Speaking at a conference he attended in Switzerland's blockchain city, Zug, Buterin responded to the question about the future location of the centralized and decentralized cryptographic exchanges directed at him:

"Obviously, I want these centralized crypto money exchanges to go to hell as soon as they disappear. If you look at the rationale, it is very difficult to become decentralized, especially when you get cryptographic money service, because you are entering the world of money in a way and there are only centralized gateways in that world. So it is very difficult to decentralize it, so I am aware of it. "

On the other hand, crypto money - crypto, while in the stock markets where money is traded, the ones without the central point will definitely come forward one day. Stating that centralized stock exchanges are simpler, simpler and more user-friendly than their central counterparts, Buterin stated that it is also very easy to open an account; in the future it will increase the volume to be covered by these stock exchanges.

Buterin stated that, despite all of these, it is doubtful that the people who invest in large scale will choose which stock market type. But he pointed out that decentralized stock exchanges would be much better and more effective for the crypto-currency ecosystem, he said, believing that the power of the stock market would also decline on this point. Buterin continued his words as follows:

"We can take the characteristics of making the 'king' as the central stock market wants them with their own hands, with the centralized stock exchanges. They list one column and get incredible price increases. If we can eliminate it, we create a more suitable environment for transparency, both basic principles and the spirit of Blockchain. "

In March of this year, Binance, the largest stock exchange in the world's daily trading volume, announced that they were working to establish a decentralized stock exchange. Another big crypto money market, Huobi, follows a similar path and they have made a very serious move for the decentralized stock market.

Let's see if this decentralization movement, which has just started in the stock markets in the future, will continue?