So why not just advise and tell people to stop using CEX
entirely? Bitcoin is by nature
decentralized, why make it centralized? Why should a CEX that doesn't deserve to store our financial funds, our cryptos, deserve to be left with our banking and personal information?
Is it really that important to take the risk of having your funds frozen, losing your personal data, and enriching these useless people?
You just explained a nice point. And I also believe that in near future CEX exchanges will be avoided and users will only trust and use DEX exchanges. Already people are too much afraid of these CEX exchanges and about it's security and that's why DEX exchanges are having now higher volumes day by day.
Most of the traders choose CEX exchanges Because:
1. Interface and Features: It has user-friendly interface and trading features. CEX has a wide range of trading pairs, higher liquidity and but DEX has lower liquidity because they rely on the users to provide liquidity.
2. Transection time: In terms of transection times in many cases DEXs are lower than CEXs exchanges. But in terms of Security and anonymity undoubtedly DEX should be preferred.
So in conclusion DEX exchanges should have more features added and should be a perfect trading platform so that traders can trade with full security. Because Bitcoin isn't only a cryptocurrency but also an asset. And I believe it will be implemented soon and DEXs will be more upgraded for the Traders. That time the era of CEXs will be ended.