industry, but he warned his followers that he has no idea what he is talking about and they should not consider it financial advice., he feels like the market will retrace back a bit, reaching price levels we saw previously. However, his prediction is not only tied to Bitcoin and its price performance. Snowden believes that the industry should shift toward safe DEXes after the FTX crash.
Thanks to the complete"dehumanization," the DEX in its original state should not ever face issues similar to FTX's as its reserves never go below users' deposits.However, DEX users have to tolerate certain risks that the CEX's structure negates. Technically, your DEX account is nothing but a multi-coin wallet that connects with various price oracles and allows exchange with other wallets.