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Decentralized Exchange (DEX)

    Decentralized exchanges facilitate the trade of cryptocurrencies or other digital assets without a central authority. Decentralized exchanges are often peer-to-peer, meaning buyers and sellers trade directly with one another through an online platform. Because decentralized exchanges do not have a single point of failure, they are typically more secure than traditional centralized exchanges. A decentralized exchange utilizes private keys that are associated with the traded assets. On a decentralized exchange, users maintain control of their private keys. On centralized exchanges, users must entrust the exchange with their funds.