Decentralized Exchange (DEX)
Definition
A peer-to-peer cryptocurrency trading platform that operates without a central authority or custodian, using smart contracts to facilitate trades directly between users' wallets.
Example
Uniswap and Curve are leading decentralized exchanges where users trade directly from their own wallets with no custodial risk.
Related Terms
Frequently Asked Question
What is a DEX (Decentralized Exchange)?
A DEX is a crypto exchange where users trade directly from their wallets via smart contracts. No custodial risk, censorship-resistant, but typically lower liquidity and higher gas fees than CEXs.
APA Citation
Last updated:
· Source: VixShield Trading Glossary — From SPX Mastery by Russell Clark
⚠️ Not financial advice. This definition is educational content from the SPX Mastery book series by Russell Clark (VixShield). Past performance is not indicative of future results. Trading options involves substantial risk of loss and is not appropriate for all investors. Always paper trade before risking real capital.