Decentralized Exchange (DEX)
A cryptocurrency exchange which operates without a central authority.
A cryptocurrency exchange which operates without a central authority.
A decentralized exchange (DEX) is a cryptocurrency exchange which operates in a decentralized way, without a central authority. Instead, trades occur directly between users (peer-to-peer) through an automated process. This type of exchange differs from traditional exchanges as it allows users to maintain control over their funds.
Trading tokens peer-to-peer on Uniswap, a type of DEX.
