Decentralized exchanges (DEXs) prioritize user privacy by allowing traders to retain control over their private keys and personal information. Unlike centralized exchanges (CEXs), which typically require users to complete KYC procedures and store personal data, DEXs operate without collecting sensitive user information. Transactions on DEXs are anonymous, and users can trade directly from their wallets without the need for an intermediary. Additionally, many DEXs integrate privacy features such as zero-knowledge proofs and privacy coins to enhance transaction confidentiality. While DEXs do not guarantee complete anonymity, they offer a more privacy-conscious alternative to centralized exchanges, making them appealing to users who prioritize their data security.
source: https://www.blockchainappfactory.com/decentralized-exchange-development
source: https://www.blockchainappfactory.com/decentralized-exchange-development