Decentralized exchange development offers several advantages. Firstly, it enhances security by eliminating the risk of a single point of failure. Additionally, DEXs promote privacy and anonymity as they do not require users to disclose personal information. Moreover, DEXs foster financial inclusivity by allowing anyone with an internet connection to participate in trading, without any geographical restrictions.
source: https://www.blockchainappfactory.com/decentralized-exchange-development