The trust of traders in one of the exchanges is the convenience of making transactions. The site does not often cause problems or trouble, because it will make the traders saturated and upset. I often experience that. It would be more if the exchange uses Know Your Customer (KYC) because that would make it more sterile and not misused. Please correct my opinion.
We are a decentralized exchange, it is all about security and transparency! If we put KYC there will be the same security, but less privacy. If there is KYC that means having to disclose your activities to the authorities, or risk having your identity stolen.
Well, KYC is not bad to also add to the site but it should be made optional, and For a start, it will really not be a wise idea to start with KYC, as this may discourage a lot of people who would have trusted your service, since right now, we have so many users that detest KYC, so you can use that one to your own advantage first to gather the necessary volume before imposing the use of KYC.
That is why people will always refer to Binance as a very string exchange because they have all the strategy, what they did with their KYC was to have level for it, so the system accommodates those that does not want to do KYC but limits their operation, while it gives unlimited access to those with KYC.