Decentralized exchange (DEX)

As DEXs grow in popularity, understanding risks is crucial. Scorechain helps analyze DEX transactions for compliance and risk management.

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Logo of Taurus in black uppercase letters with a small pink square accent on the top left of the T.
Caceis Investor Services logo with the tagline solid & innovative.
Regtank logo with a green horizontal line crossing the text.
Banque Delubac & Cie company logo with the text 'Depuis 1924'.
Changelly logo featuring a green rocket icon next to the word 'changelly' in lowercase gray letters.
OSL logo with text Asia's leading digital asset brokerage.

What is

Decentralized exchange (DEX)

?

A decentralized exchange (DEX) allows users to make direct P2P transactions without the intervention of a centralized exchange (CEX).

A DEX is one application of decentralized finance (DeFi). It allows users to make P2P transactions without the intervention of a CEX.

DEXs, unlike CEXs, do not custody funds on behalf of their users, meaning that they are in total control of their funds and their private keys. Also, DEXs often don't require users to go through know-your-customer (KYC) processes.

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