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What is the primary advantage of using a DeFi exchange over a centralized exchange? (blockchainappfactory.com)
1 point by jessycarolyn 17 days ago | web | 1 comment





The primary advantage of using a DeFi exchange over a centralized exchange lies in its decentralized nature. DeFi exchanges operate on blockchain technology, eliminating the need for intermediaries and allowing users to retain control of their funds. This decentralization enhances security, transparency, and censorship resistance, as transactions are executed directly between users' wallets without the involvement of a central authority. Additionally, DeFi exchanges offer greater financial inclusivity by enabling access to financial services for individuals in underserved regions and allowing for seamless cross-border transactions without the need for traditional banking infrastructure.