With the decentralized finance (DeFi) boom of 2020, decentralized exchanges (DEXs) have solidified their place in the ecosystem of both cryptocurrency and finance. Since DEXs are not as heavily regulated as centralized exchanges, users can list the tokens they wish.
With DEX, high-frequency traders can trade in coins before they hit major exchanges. Also, decentralized exchanges are non-custodial, which means that creators cannot pull exit fraud