What Are Crypto Swaps?

A crypto swap is a type of trade in which two parties exchange one type of cryptocurrency for another type without the use of fiat currency. The process typically involves using a decentralized exchange (DEX) or a centralized exchange (CEX) that facilitates trade. A practical example would be: "Alice wants to trade her Bitcoin for Ethereum. She can use a decentralized exchange to find a counterparty (Bob) willing to trade their Ethereum for Bitcoin. Alice and Bob agree on the…