What is the primary purpose of a Decentralized Exchange (DEX)? To enable peer-to-peer trading of cryptocurrencies, without the need for intermediaries like centralized exchanges. This allows for faster, cheaper, and more secure transactions, making it a popular choice for traders and investors in the DeFi space.

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Absolutely, DEXs offer transparency, control over funds, and lower risks compared to centralized exchanges. Perfect for those looking to engage in secure and autonomous trading.