DEXs are inherently more secure than centralized exchanges because they eliminate the need for a central point of control, reducing the risk of hacking. In a decentralized exchange, users retain control over their private keys and assets, rather than relying on a third-party custodian. Additionally, the use of smart contracts allows for automated, transparent, and trustless transactions, further minimizing human error or malicious interference. DEX development also incorporates features like multi-signature wallets, transaction verification mechanisms, and liquidity pool audits to enhance security. Overall, DEXs provide a safer trading environment for users, lowering the risk of significant breaches and financial losses often seen in centralized platforms.

source: https://www.blockchainappfacto...exchange-development