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What Is a ‘Decentralized Exchange’ (DEX) in Cryptocurrency?

A peer-to-peer crypto trading platform run by smart contracts, eliminating the need for a central intermediary.
Greeks.Live05.11.25

What Is a ‘Decentralized Exchange’ (DEX) in Cryptocurrency?

A DEX is a peer-to-peer marketplace that allows users to trade cryptocurrencies directly without an intermediary, unlike a centralized exchange. It operates via smart contracts on a blockchain, giving users custody of their funds and significantly reducing counterparty risk and censorship.

How Does a Decentralized Exchange (DEX) Reduce Counterparty Risk Compared to a CEX?
What Is a Decentralized Exchange (DEX) and How Does It Differ from a Centralized Exchange (CEX)?
What Is a Decentralized Exchange (DEX) and How Does It Use Digital Signatures for Options?
How Do Decentralized Exchanges (DEXs) Utilize Smart Contracts to Bypass Traditional Brokers?

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