Centralized exchanges combine trading volume, information about clients ' accounts, funds and positions. This is very convenient for users who can easily log into their account with an email and password, but in this case, exchanges become an attractive target for hackers who can steal funds or personal information of account holders.
Exactly. What I prefer the decentralizes exchanges is that they are not prone to government intervention normally. This helps vanish the air of uncertainty in the business and you can easily invest in the asset without having to worry a lot about the future of your assets. However there are related risks as well which hinders ones ability to make good money. Both of these have good and bad aspects in one way or the other.