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 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