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.

I manage investment portfolios, and My passion is hiking, Hiking keeps me grounded

Absolutely correct. DEXs streamline trading by eliminating central authorities, offering users direct control over their funds and trades, enhancing both privacy and security in the process.