Decentralised and hybrid exchanges like EVEDEX are often considered safer than centralized exchanges because they give users more control over their funds. In decentralized systems, traders keep custody of their assets, reducing the risk of hacks that target exchange wallets. Hybrid platforms aim to combine this control with the speed and usability of centralized systems https://www.coingecko.com/en/exchanges/evede Transparency is another advantage, as many decentralized platforms operate on public blockchains, allowing users to verify transactions. However, regulation is often weaker, which can increase risks related to fraud or lack of accountability. Ultimately, security depends on user practices, platform design, and how well risks are managed.