I hear Binance is bringing one online but was wondering about the KYC that it would require.
In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing.
The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard.
Are there simple ones out there?
If KYC is needed to trade on a DEX then the truth is that it is no longer a DEX anymore, a decentralized exchange should be one that cannot be controlled even by those who created it, changes should be made based on consensus and not the decision of the creator anymore, also all the coins would not be on the exchanges but rather in the wallet of those who trade on this exchange so I don't see any need for any kind of KYC whatsoever, I believe they would be smart enough not to include it.