Cryptocurrency Q&A What is the purpose of a DEX?

What is the purpose of a DEX?

CryptoEmpireGuard Mon Sep 23 2024 | 6 answers 983

Could you please explain in layman's terms what the primary goal or function of a Decentralized Exchange (DEX) is? How does it differ from traditional, centralized exchanges and what advantages does it offer to cryptocurrency traders and investors? Additionally, what are some potential drawbacks or challenges that users may encounter when utilizing a DEX? What is the purpose of a DEX?

What is the purpose of a DEX?

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