Glossary term

DEX

Decentralized Exchange. A cryptocurrency exchange platform that facilitates trading of assets on its own distributed ledger, removing the need for a centralized authority and potentially lowering trading costs

  • Updated August 17, 2018
  • First published April 25, 2018
  • Reading time 1 minute

Definition

Understand the fundamentals, context, and nuances behind this term.

Decentralized Exchange. A cryptocurrency exchange platform that facilitates trading of assets on its own distributed ledger, removing the need for a centralized authority and potentially lowering trading costs