DEX

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A decentralized exchange (DEX) offers users a platform on which to exchange crypto assets directly without an intermediary. In contrast to a centralized exchange (CEX) in which a private company facilitates the exchange of crypto assets, DEX transactions are peer-to-peer (p2p) and completely non-custodial: they take place on-chain, between users’ crypto wallets, without the oversight of a third-party.

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