I will read about TEXs, but how are they working? Can you give a brief explanation of the exchanges?
Op just tried to vary CEX with another term called "Transparancy Exchange", but couldn't get rid of what people are most concerned about from it like KYC, 3rd party-custody wallet, etc. "Transparency" (in my sense it's loading trade logs) in this case is actually not an unneeded feature in normal trading, in fact I don't know anyone who needs this.