Decentralized exchanges will attract some investors that are more aligned with the crypto industry's broader decentralized ideology. No individual, company, or organization controls the code underpinning a decentralized exchange. Peer-to-peer cryptocurrency transactions are possible because of the flexibility of the code and architecture. Uniswap and SushiSwap are two popular DEX options. There are advantages and disadvantages to relying on a DEX. Because there isn't a single organization managing users' assets, decentralized exchanges don't offer hackers a giant honey pot of user funds. That said, bugs in the exchange's code have allowed hackers to steal money from the protocols. Because there is generally no stringent onboarding procedure that gathers personal information from consumers, users who lose funds on these exchanges have little chance for compensation. On the positive side, the lack of KYC with direct peer-to-peer transactions ensures that users cannot be unbanked.