Decentralized Cryptocurrency Exchanges

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Description

Gary Basin:

"The core value proposition of a decentralized exchange (DEX), and what makes them interesting, is allowing for counterparties to find each other and trade directly on-chain, thereby not being dependent on a centralized trading exchange and taking on the associated custody risks. By making trades that settle directly on-chain, you avoid moving your crypto into an exchange wallet and facing the risk of a hack or theft." (https://hackernoon.com/the-state-of-decentralized-exchanges-235064446ab0)