What is a decentralized exchange (DEX)? A DEX is a blockchain-based platform that enables peer-to-peer trading of cryptocurrencies without the need for intermediaries, such as centralised exchanges. They often use automated market makers or order books to facilitate trading. This allows for greater control, security, and transparency, making them a popular choice for crypto enthusiasts.

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

Decentralized exchanges offer a more secure and transparent trading experience, bypassing the counterparty risk associated with centralized exchanges.