There was an interesting discussion at Consensus about why perpetual DEXes haven't been fully adopted by institutional investors yet. Panelists emphasized that, regardless of how technologically advanced these DEX platforms are, there are significant barriers on the institutional side.

In fact, I think this topic is very important. Perp DEXes offer a great alternative for decentralized derivatives, but there are still some risk factors for institutions. Liquidity issues, regulatory uncertainty, and operational complexity pose serious obstacles when compared to the convenience offered by traditional centralized exchanges.

Experts active on the panel noted that, despite the rapid development of the DEX ecosystem, infrastructure and security standards at the institutional level are still insufficient. Additionally, technical challenges and user experience problems that arise when trading on DEX platforms also play a significant role. No matter how good a DEX is, trustworthiness and compliance are paramount for institutions.

This discussion shows me that the future of decentralized derivatives trading could be bright, but more time and development will be needed for institutional adoption to occur. Overcoming these barriers by DEXs will be a critical step for the maturation of the crypto market.