What is a crypto Dex and how does it work?

A DEX doesn't offer custody of users’ crypto assets. Instead, users directly hold all their assets in their own wallets at all times. The largest crypto DEXs had begun to challenge some of the largest centralized exchanges (CEXs) in terms of trading volume by late 2021, according to a report by global accountancy KPMG.

What is a blockchain?

In this way, a blockchain is the foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed. This is why blockchains are also known as a distributed ledger technology (DLT).

What is the largest Dex in the world?

The largest DEX is Uniswap, which was created on the Ethereum blockchain in 2018 by a former mechanical engineer who had learned to code only after getting laid off by Siemens the previous year. By late 2021, it was processing transactions worth more than $1 billion each day.

What are cexes and dexes?

In this article, you will learn what CEXes and DEXes are, what the differences between them are, and what their advantages and disadvantages are. A centralized Exchange (CEX) is an exchange operated by a company or group of people who make their own decisions.