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:
The COPI Token can be found on the following BNB DEXs:
The COPI Token can be found on the following ETH DEXs:
Pros Of Decentralized Exchange
Completely private and anonymous
No need to transfer assets to a third party
Fees are redistributed to liquidity providers, not to a centralized entity
Cons Of Decentralized Exchange
Trading in fiat currency is not permitted
Risk of impermanent loss for liquidity providers
Liquidity can be thin, making it harder to execute large orders
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