I came across the term 'amm' in a text I was reading, and I'm not sure what it means. I looked it up online, but I'm still confused about its definition and how it's used in context. Can someone explain what 'amm' stands for or means?
7 answers
MichaelSmith
Fri Nov 22 2024
Automated
market makers (AMMs) represent a unique class of decentralized exchanges (DEXs) in the cryptocurrency realm.
Maria
Fri Nov 22 2024
They operate on the principle of algorithmic "money robots" which facilitate seamless trading for individual investors.
TaekwondoMasterStrengthHonorGlory
Fri Nov 22 2024
These AMMs eliminate the need for traditional order books and human intermediaries.
CryptoEmpireGuard
Thu Nov 21 2024
With AMMs, traders can buy and sell crypto assets directly through the automated system.
Leonardo
Thu Nov 21 2024
This innovative approach offers greater convenience and accessibility to crypto trading.