Yes, still centralized but at least we do not have to worry about the SEC (US) coming in and shutting down this exchange. Bitfunder and btct.co was US based which was the reason they had to shut down.
Stop propping up this nonsense. Incompetent operators shut down businesses which become inconvenient or difficult to operate. Blaming it on the Boogeyman and imagining that going to non-Boogeymanland is panacea for the problems inherent is disingenuous in the extreme.