How does DEX work crypto?

A decentralized exchange (better known as a DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders . DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, payment processors, or any other kind of intermediary.

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Does Binance have a DEX?

Binance DEX is a decentralized exchange created by Binance and powered by the company’s Binance Coin (BNB) . It offers lower fees and improved security over centralized exchanges. However, it also has a steeper learning curve, and is best suited to experienced crypto users.5 Şub 2021

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