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Crypto
Decentralised Exchange
A trading platform that runs on blockchain smart contracts with no company in control of your funds.
DEXes use liquidity pools and automated market makers instead of order books. They are permissionless and censorship-resistant. The trade-off is usually higher fees and slower speeds compared to centralised exchanges.
It's a stock exchange that no one owns — it runs automatically on code and you keep full control of your keys.
Real world: Uniswap, PancakeSwap, and Raydium are popular DEXes. You connect your wallet and trade directly from your own wallet. No KYC, no company can freeze your funds.
💡 DEX trading is true DeFi — you never give up control of your crypto.