Here is a short list of advantages of decentralization of exchanges
A decentralized crypto exchange is many things, but we believe an exchange that has following features qualifies to be a DEX:
- An exchange that allows its users to control their crypto funds.
- An exchange that doesn’t have a single point of failure like centralized server hostings or databases that are prone to hacks.
- An exchange that has no trusted third party setups.
- An exchange that no government can shut down like the Chinese exchange shutdowns.
- An exchange that is not controlled by a single or group of companies.
- An exchange that respects the privacy of its users and doesn’t ask for numerous registrations and KYC verifications.