What is a Decentralized Exchange (DEX)?A Decentralized Exchange (DEX) is a platform that facilitates the trading of digital assets without a central authority or third-party intermediary. Traditional exchanges, such as Binance or Coinbase, require users to deposit their funds into exchange-controlled wallets before they can trade. In contrast, DEXs allow users to retain control of their assets throughout the entire trading process, using smart contracts to execute transactions securely and au...