DEX means decentralized while Binance DEX isn't even like that. Take the answer from the owner itself while he can't answer straight with the question on how decentralized his binance DEX is. It's also reported that one of the most favorite dex of all time, IDEX isn't decentralized too.
This is correct. Binance DEX it just a cashing out of the DEX wave and IDEX is turning to KYC and other regulations. Many others will follow this step because of bad planning they knew that the crypto market was in early stage and no regulations were possible at the time and in the future they had to change this, what i'm trying to say is that they didn't really care about the privacy or the actual functions of a dex. If i can advice any of you is to actually look into
SwitchDex.ag because they got a great project out there that is fully focused on privacy and staying true to de definition of a DEX, They are based on Antigua & Barbuda meaning laws of the USA won't apply there and can't force them.
I've hearing it a lot of times about switchdex, I may take a look into them and might consider if I find it convenient and effective for me.
My current Dex has Idex, etherfly, etherdelta, Forkdelta. All are well and Idex is the place with the most stable trading but it requires a minimum to buy and sell quite high.
And in the future, they will turn into a centralized exchange. :/