Decentralized Exchange (DEX)
DEX or Decentralized ExchangeA business that allows customers to trade cryptocurrencies o... More is a type of cryptocurrencyA cryptocurrency (or crypto currency) is a digital asset des... More exchange that operates in a decentralized manner and enables peer-to-peer crypto trading. Because DEX’s are a type of DeFi application, they typically lack any KYC process. While the operations of Decentralized exchanges are decentralized, the scale of the governance decentralization varies greatly some operators are anonymous while other have offices, corporate structures and venture capital funding.