CRYPTO GLOSSARY · FINANCE

What is DEX?

Decentralized Exchange for peer-to-peer trading.

📖 Full Definition

A DEX (Decentralized Exchange) is a cryptocurrency trading platform that operates without a central authority. Users trade directly with each other through smart contracts, retaining custody of their funds.

💡 Example

Uniswap, PancakeSwap, and dYdX are popular DEXs with billions in daily volume.

🔗 Related Terms

DeFi

Decentralized Finance: financial services on blockchain.

Liquidity Pool

Pool of tokens enabling decentralized trading.

AMM

Automated Market Maker for decentralized trading.

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