Cryptocurrency Q&A Is Coinbase a DeX?

Is Coinbase a DeX?

isabella_cole_psychologist Fri Sep 20 2024 | 6 answers 1430

Excuse me, could you please clarify if Coinbase is indeed a decentralized exchange, or DeX, for short? From my understanding, decentralized exchanges operate without a central authority, allowing for direct peer-to-peer trading of digital assets. However, Coinbase, as I'm aware, functions as a centralized platform, facilitating transactions through a trusted intermediary. I'm curious to hear your thoughts on this matter, as I'm seeking clarity on the distinction between Coinbase and DeXs. Is Coinbase a DeX?

Is Coinbase a DeX?

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