Decentralized Exchange (DEX)

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Decentralized Exchange (DEX)

What is Decentralized Exchange (DEX)?

A peer-to-peer marketplace known as a decentralized exchange (or DEX) is where cryptocurrency dealers do trades with one another. One of the main uses for cryptocurrencies, DEXs is to facilitate financial transactions without the involvement of banks, brokers, or other middlemen. The Ethereum blockchain powers many well-known DEXs, including Uniswap and Sushiwap.


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