What is Dex (Dex)?

DEX (DEX) is a cryptocurrency token and operates on the Ethereum platform. DEX has a current supply of 1,892,996,914 with 191,542,290.51 in circulation. The last known price of DEX is $0.009305 USD and is up 1.60% over the last 24 hours. It is currently trading on 5 active market (s) with $44,977.52 traded over the last 24 hours.

What is a decentralized exchange (DEX)?

A decentralized exchange (or 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, or any other intermediary. Many popular DEXs, like Uniswap and Sushiwap, run on the Ethereum blockchain.

What is the difference between Dex and Cex?

Compared to CEX, the commission charged by DEX is low. CEX grabs a high commission rate as a platform usage fee, mounting up to somewhere between 0.02%~0.05% of the total transaction amount. Contrary to this, DEX does not mediate in transactions but merely demands coin transmission cost. Hence, the sensational popularity. 3.

What are the use-cases for a Dex?

Use-cases for a DEX are often a bit limited: due to its complexity, it’s more for advanced users. Also the assets you can trade on a DEX are usually somewhat limited. That said, it can be used to help diversify your crypto portfolio while maintaining ownership and privacy.