Cryptocurrency Q&A How does swap work?

How does swap work?

Alessandra Alessandra Wed Sep 18 2024 | 7 answers 1964
Can you explain to me in simple terms how swap works in the world of cryptocurrency and finance? I've heard the term before, but I'm not entirely clear on the mechanics behind it. How does it allow for the exchange of different currencies or assets, and what are the potential benefits and risks involved in using swaps? How does swap work?

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