![]() ![]() You can also often make more advanced moves, like margin trades or setting limit orders. Via a centralized exchange (or CEX), you can trade fiat for crypto (and vice versa) or crypto-crypto pairs - say some of your bitcoin for ETH. Unlike centralized exchanges like Coinbase, DEXs don’t allow for exchanges between fiat and crypto - instead, they exclusively trade cryptocurrency tokens for other cryptocurrency tokens. As of April 2021, there were more than two million DeFi traders, a ten-fold increase from May 2020. DEXs are booming - in the first quarter of 2021, $217 billion in transactions flowed through decentralized exchanges. The most popular DEXs - like Uniswap and Sushiswap - utilize the Ethereum blockchain and are part of the growing suite of decentralized finance (DeFi) tools, which make a huge range of financial services available directly from a compatible crypto wallet. DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, payment processors, or any other kind of intermediary. Many popular DEXs, like Uniswap and Sushiwap, run on the Ethereum blockchain.Ī decentralized exchange (better known as a DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders. DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, or any other intermediary. A decentralized exchange (or DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |