Decentralized Exchange

DEX

1. trading

A decentralized exchange where users trade digital assets directly, without going through a third party.

These exchanges tend to allow more pairings - especially for new coins/tokens - as users have full control over what they buy and sell. DEX's also tend to have few people using and lower trading volume, making a lack of liquidity and large price swings an issue.

* All terms and definitions may update as the Cryptionary improves.

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