Decentralized Exchange (DEX)

A Decentralized Exchange (DEX) is a platform for trading cryptocurrencies directly between users without a central authority or intermediary. Unlike traditional exchanges, DEXs operate on blockchain technology, allowing for peer-to-peer transactions that are transparent and secure. Users retain control of their private keys and funds throughout the process, reducing reliance on third parties. This setup enhances privacy, reduces risks of centralized hacking, and often enables access to a wider range of tokens. Overall, DEXs empower individuals to trade digital assets more independently while leveraging blockchain’s security and transparency features.