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Decentralized Crypto Exchange Meaning. What is a decentralized crypto exchange? The future of cryptocurrency exchanges seems to be shifting towards decentralized exchanges slowly but steadily.
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As you may already know, defi, is a movement wherein developers create decentralized alternatives of various traditional legacy financial institutions and products. When trading cryptocurrencies you need an exchange, but many exchanges are actually centralized and run by a corporation. Several exchanges in the past have also done this, causing losses to millions of investors.
Decentralized exchanges are an alternative;
Funds are stored on the blockchain. In this sense, then, atomic swaps emerge as. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or. In comparison to the information above, a decentralized crypto exchange is an independent form of buying and selling cryptocurrencies.
