What is a Decentralized Exchange (DEX)? A DEX is a digital marketplace that facilitates peer-to-peer cryptocurrency trading without the need for intermediaries. Transactions are executed on a blockchain, ensuring transparency, security, and trust. DEXs often employ automated market makers or liquidity pools to provide liquidity. They're popular among traders seeking greater control and lower fees compared to centralized exchanges.

Trader by day, traveler by heart. I trade and wander.

DEXs offer a more direct and cost-effective way to trade cryptocurrencies, catering to traders who value autonomy and transparency.