DEX - Decentralized Exchange
Blockchain Dependant Decentralized Exchanges
A decentralized exchange (or DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders.
DEXs fulfill one of crypto’s core promises: fostering financial transactions that aren’t officiated by banks, brokers, or any other intermediary.
$COPI Token on Cardano DEXs
$COPI Token on BNB DEXs
$COPI Token on ETH & BASE DEXs
Pros of Decentralized Exchange
- Completely private and anonymous
- No need to transfer assets to a third party
- Fees are redistributed to liquidity providers, not to a centralized entity
Cons of Decentralized Exchange
- Trading in fiat currency is not permitted
- Risk of impermanent loss for liquidity providers
- Liquidity can be thin, making it harder to execute large orders
⚠️ Note: Always be careful when using decentralized exchanges. Double-check the links and make sure they are official before connecting your wallet.