28-08-2025, 07:03 AM
A decentralized crypto exchange (DEX) is a peer-to-peer trading platform that allows users to trade cryptocurrencies directly from their wallets without third-party intermediaries. Built on blockchain technology, DEXs offer increased privacy, security, and control over funds. They operate using smart contracts that automate trades and enforce rules transparently. Unlike centralized exchanges, DEXs eliminate single points of failure, reducing the risk of hacks or government shutdowns. Popular for privacy-conscious users, decentralized exchanges are revolutionizing how digital assets are exchanged in the decentralized finance (DeFi) ecosystem.