DEX - Decentralized Exchange

Blockchain Dependant Decentralized Exchanges

A decentralized exchange (or DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders. DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, or any other intermediary.

The $COPI Token can be found on the following Cardano DEXs:

• Minswap

• VyFinance

The COPI Token can be found on the following BNB DEXs:

• PancakeSwap

• TokensFarm

The COPI Token can be found on the following ETH DEXs:

• Uniswap

Pros Of Decentralized Exchange

1. Completely private and anonymous

2. No need to transfer assets to a third party

3. Fees are redistributed to liquidity providers, not to a centralized entity

Cons Of Decentralized Exchange

1. Trading in fiat currency is not permitted

2. Risk of impermanent loss for liquidity providers

3. Liquidity can be thin, making it harder to execute large orders