Understanding Decentralized Exchanges (DEX): A Beginner’s Guide

What is a Decentralized Exchange (DEX)? A decentralized exchange, commonly referred to as a DEX, is a trading platform that operates without a central authority, allowing users to engage in peer-to-peer trading of cryptocurrencies. Unlike traditional centralized exchanges, which require users to deposit their assets and rely on the exchange to facilitate trades, DEXs empower individuals by enabling them to retain control over their funds…