What is DEX crypto?

Decentralized crypto exchanges (DEXs) are blockchain-based apps that coordinate large-scale trading of crypto assets between many users . They do that entirely through automated algorithms, instead of the conventional approach of acting as financial intermediary between buyers and sellers.11 Şub 2022

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What is DEX platform?

Summary. A decentralized exchange (DEX) is a peer-to-peer (P2P) marketplace that connects cryptocurrency buyers and sellers . In contrast to centralized exchanges (CEXs), decentralized platforms are non-custodial, meaning a user remains in control of their private keys when transacting on a DEX platform.

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How does decentralized finance work?

Decentralized finance eliminates intermediaries by allowing people, merchants, and businesses to conduct financial transactions through emerging technology . This is accomplished through peer-to-peer financial networks that use security protocols, connectivity, software, and hardware advancements.

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