I think that Binance DEX is a hybrid exchange. I think that its not very bad that Binance Dex works on a centralized blockchain. Its important that Binance continue to be a good conscientious exchange.
DEX is not an hybrid exchange site but the developer still has the full control over the exchange site dude. But this party can be trusted and it's not a big problem as long as the team can still become the trusted guys.
It is not only about the trust. They can get hacked or lose money or tokens some other way. When that happen to centralized exchange everyone's coins are in danger. In decentralized exchange they are nto since you control your coins until you dot exchange and then you control other coins. They dont hold your founds. So no risk. No cold wallets no nothing.
This is the difference between centralized and decentralized ones where on dex they dont hold your assets and do trade it p2p.The only problem with hacking on dexes is on where
it do have redirection just like what happened on Etherdelta as far as i remember.
Yes, Binance is popular and they are taking it to the next level. Let's see on where their DEX is heading.
Quite a wise move on making their own DEX. They do really utilize their current popularity while considering on making one.So,we shouldnt surprise if this
DEX would really gain traction or being dragged up itself on the popularity of their current centralized exchange.