As the number of crypto tokens increases, so does the need to convert and redeem crypto tokens. About centralized exchange we have knowed a lot, and can anybody tell me something about decentralized exchange? and What are the benefits of a decentralized exchange?
I think the good part is to have more security and less need for trust, the regular exchanges get hacked all the time and their hot wallet getting emptied or the api gets hacked so there are fake pump and dumps to make money with other peoples money as well so in the end there is really no trust in any of the big exchanges, even binance got hacked couple of times both to get their hot wallet emptied (they recovered from it) but also get the apis hacked so one coin would increase like 700% and make money for the hackers (nobody recovered from that).
So, when you have a decentralized exchange those type of things can't happen since there is no central deal that can be hacked, they would have to hack each and every single individual account to make a difference and that is way harder than just hacking one exchange.