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What is a DEX? How A Decentralized Exchange WorksDecentralized exchanges allow users to trade cryptocurrency peer-to-peer, with no centralized entity acting as an intermediary! However, decentralized exchanges. Centralized cryptocurrency exchanges act as an intermediary between a buyer and a seller and make money through commissions and transaction fees. You can. Centralized Exchange definition: A cryptocurrency exchange platform operated by a centralized entity that retains custody of crypto assets on a user's behalf.
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