DEX (DEX): Price, Charts and Market Cap

A decentralized exchange (DEX) is a marketplace for cryptocurrencies or blockchain investments that is totally open sourced. Nobody is in control at a DEX, instead buyers and sell deal with each other on a one-on-one basis via peer-peer (P25) trading applications.

A good way to think of a DEX is as a “do-it-yourself trading solution.” You make the trades and hold the funds or instruments in your own account. The biggest advantage to this system is that your funds will be not entrusted to a trading company or other third party.

A centralized exchange operates like a brokerage house, you deposit funds in an account and the exchange makes the trades for you. The advantage to this is that the exchange does all the work, and it is often insured and regulated by authorities.

Most of the large and well-known exchanges; such as GDAX (Coinbase) and CEX.IO are centralized. A popular benefit to these exchanges is that they will take credit or debit card and bank-transfer payments. They may also pay out in fiat currencies like dollars or Euros which many users prefer.