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What are the potential risks linked to centralized custodial services in cryptocurrency transactions that could be mitigated by utilizing a decentralized exchange (DEX)? Specifically, how do DEX platforms address issues such as security, control over assets, and reliance on third-party entities compared to traditional custodial solutions?

What are the potential risks linked to centralized custodial services in cryptocurrency transactions that could be mitigated by utilizing a decentralized exchange (<a data-auto-add="True" href="/feed/faq/11268305/" rel="noopener noreferrer" target="">DEX</a>)? Specifically, how do DEX platforms address issues such as security, control over assets, and reliance on third-party entities compared to traditional custodial solutions?

What risks are associated with centralized custodial services that can be eliminated by using a DEX?

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