Let's go fully decentralized; BinanceUS

Going fully decentralized could be the next big step for the crypto space, far from the truth we are not yet ready for this! as there isn't much infrastructure/facilities to take crypto market fully decentralized one way or the other we still need inflow of fiat (USD) to keep the market afloat, at some point even the most popular decentralized finance exchange (DEX) like Uniswap, Pancakewap need traditional fiat currencies for sustainability. Binance US suspends USD fiat deposit: transition to a crypto-only exchange. recently I share some factors needed for cypto space to be fiat independent achieving these factors will take much long than we anticipate, massive crypto adoption and use cases could be a wake up call for crypto to stand alone as an ecosystem, being an independent body will only cause more tension and attract regulatory policies and full centralized authorities to clampdown the entire crypto space. Are we actually ready for this call or we could wait, add more nodes and go fully decentralized and anti government, just saying wining against authority isn't an easy task for anyone, well crypto wasn't built to start a rebellion only the government seems to find it unwelcome and decides to choose what is best for the masses. Enough with the writing an important question to ask here is, is the crypto space ready to go fully decentralized?

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The wake; decentralized finance

In recent years, decentralized finance (DeFi) has emerged as a revolutionary concept that challenges the traditional centralized financial system. Blockchain technology, with its ability to provide transparent, secure, and immutable transactions, has paved the way for the rise of decentralized exchanges (DEXs) and decentralized platforms. As the crypto world continues to evolve, these revolution stroke attention of the world to disrupt the centralized finance system means giving power to the citizen at large scale. By utilizing blockchain technology and smart contracts, DeFi platforms remove intermediaries and enable peer to peer transactions, offering users greater control over their assets and financial activities. This newfound decentralization has numerous benefits, including enhanced privacy, improved security, and reduced dependence on traditional financial institutions. Hence decentralized gives us full control over our assets making the old banking system obsolete for users who need control over their funds.

What's in for BinanceUS going fully decentralized

Regulatory policies have become a major concern in the crypto industry going fully decentralized could alleviate this challenge although with binance still operating within U.S jurisdiction there would still be need for regulatory compliance by the exchange, decentralization offers security and increase privacy of users funds and data, operating on smart contract eliminates the need for third-party BinanceUS going fully crypto means it will only deal on smart contract for each users transactions, giving users full custody over their funds is an added advantage for being a decentralized exchange which reduces the risk of one asset being frozen by centralized authorities.

Are we ready for a fully decentralized space

Going fully decentralized represents an exciting possibility for the entire crypto ecosystem and reduce external regulatory pressures, with core factors like mass adoption and wide use case for crypto to provide daily transactions process still being very limited, little users experience in the use of crypto for transactions going fully decentralized isn't doable for now maybe this topic will be revisited couple of years from now, well with BinanceUS going all in crypto we will see how things unfold for the exchange will there be more scrutiny from regulators concerning use of unregistered token sales to U.S users will other exchanges like Coinbase go fully crypto like BinanceUS? time will tell.