Report post

What is a decentralized exchange (DEX)?

A decentralized exchange (DEX) is a platform that enables cryptocurrency trading directly between users without intermediaries or centralized authorities. This is done with the help of blockchain technology, specifically smart contracts, thanks to which transactions and trades can be carried out in a trustless manner.

What are the most popular decentralized exchanges?

Let’s explore some of the popular decentralized exchanges, which can also be found on CoinGecko . UniSwap is the most popular DEX in crypto and has the largest spot volume. This DEX popularized the concept of 50-50 AMM pools with one of the simplest trading UI, requiring just a few clicks to make a swap.

What is the best decentralized cryptocurrency exchange?

OKX is the best decentralized exchange. It supports 70+ network standards, is compatible with multiple device types, and offers some of the best DeFi yields in the space. Should you trade cryptocurrency on DEXs? Crypto DEXs are ideal if you want to trade cryptocurrencies anonymously, meaning no reliance on centralized third parties.

The World's Leading Crypto Trading Platform

Get my welcome gifts