What decentralized exchange?

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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Why are exchanges decentralized?

Decentralized exchanges can also prevent price manipulation or faked trading volume through wash trading , and are more anonymous than exchanges which implement know your customer (KYC) requirements. There are some signs that decentralized exchanges have been suffering from low trading volumes and market liquidity.

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