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Viktor Kochetov, CEO at Kyrrex, a digital wallet and professional cryptocurrency trading platform, weighs the pros and cons. Decentralized exchanges do not have access to customer’s assets, information; they serve as the layer for trade orders that executes matching and routing functions. The usage of smart contracts brings autonomy and anonymity, P2P transactions, but a different approach to architecture bears a lot of constraints and limitations. The user experience of decentralized exchanges can be described as horrible, without any exaggeration.