What is a DEX in 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.

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Why do DEX have tokens?

A native token is the token used to pay for transaction fees in a specific network . Wallet extensions that allow users to access their funds directly in their browsers make it easy to interact with decentralized applications (DApps) such as DEXs.

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