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 them for large volumes of trading, making a lack of liquidity on decentralised exchanges a common issue
* All terms and definitions may change as the Cryptionary improves