What is DEX?

A decentralized exchange (DEX) is a type of cryptocurrency exchange that operates decentralized, meaning it does not rely on a central authority to hold customers' funds and process trades. Instead, trades are executed using smart contracts on a blockchain network, which allows for increased security and anonymity for traders. DEXs have become popular in the cryptocurrency community because they offer a high degree of control and privacy and reduce the risk of hack attacks and other security breaches. Benefits of…