So with many incidents happening at CEX, will there be more people trading in DEX in 2020? Although trading at DEX costs more, it is safer for us and we do not need to make any KYC.
Their only difference is their name. I would like to remind you that even DEXs can freeze your funds these days. If so, I would rather use CEX instead. At least in short-term trade, the centralized ones are more useful. I do not know, maybe some of the rules are obstacles to creating complete free and useful DEXs. But I think we have such freedom or I misunderstood everything
This would be an ugly and very misleading use of the term
Up to a point where we can say it is deliberately being used to deceive traders who are not familiar with the idea behind a decentralized exchange. With DEX there is no "exchange" in the way we usually think of it, and that's why people get fooled. Technically, your desktop wallet is that exchange, while trades occur on the blockchain itself. In this way, it is impossible to freeze your funds unless the whole blockchain gets frozen (and hell turns to ice)
To make things better and trades faster, it can be beneficial to use a third-party service as a proxy to that blockchain exchange, and which would still count as a decentralized exchange proper. But if it can freeze or outright steal your money, it is not a decentralized exchange, and there is no viable reason to think or believe you are dealing with one, no matter what they claim to the contrary. Simply put, they are lying to you, they are not decentralized