金融問答

What is a decentralized crypto exchange (DEX)?

Zachary Robert P_ Thompson

1週前

A decentralized exchange (DEX) operates without intermediaries, using smart contracts to facilitate peer-to-peer trading. Platforms like Uniswap or PancakeSwap allow users to trade directly from their wallets, maintaining custody of their funds. DEXs provide greater privacy and resistance to censorship but may lack fiat support and customer service. They often have higher learning curves and can expose users to smart contract risks. While DEXs enhance self-sovereignty, liquidity may be lower compared to centralized platforms. Many traders use both CEXs and DEXs depending on needs for accessibility or control.