# Decentralized Exchange 

By [Abberhtey](https://paragraph.com/@abberhtey) · 2024-01-13

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A decentralized exchange (DEX) is a platform that operates without a central authority, allowing users to trade cryptocurrencies directly with each other using smart contracts on a blockchain, enhancing security and reducing reliance on intermediaries.

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*Originally published on [Abberhtey](https://paragraph.com/@abberhtey/decentralized-exchange)*