# DEX

By [128MN](https://paragraph.com/@128milyardolarnerede) · 2021-12-23

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    Decentralized exchange (DEX: Decentralized exchange) is a type of Cryptocurrency exchange that allows peer-to-peer (P2P; direct peer-to-peer) cryptocurrency transactions to take place online securely and without the need for an intermediary.

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*Originally published on [128MN](https://paragraph.com/@128milyardolarnerede/dex)*