To unlock the full potential of DeFi, why are DEXs so important?

Last time on DiffuseTap, we asked John Bugnacki, Deputy General Counsel and Director of Regulatory Policy of Tacen, about what the advantages of a DEX are over a centralized exchange, what we can expect from the development of DEXs after the FTX collapse, and what risks people should be aware of when dealing with a DEX.