DEX is a shortened version of a &ldquo;decentralized exchange&rdquo;. In a centralized exchange, your assets are held by the exchange completely. On the contrary, a DEX is a peer-to-peer platform where transactions run directly between crypto traders without a middleman. Some well-known DEX examples are&nbsp;<a href="https://uniswap.org/">Uniswap</a>,&nbsp;<a href="https://pancakeswap.finance/swap">PancakeSwap</a>,&nbsp;<a href="https://dydx.exchange/">dYdX</a>,&nbsp;and&nbsp;<a href="https://simpleswap.io/">SimpleSwap</a>.

DEX is a shortened version of a “decentralized exchange”. In a centralized exchange, your assets are held by the exchange completely. On the contrary, a DEX is a peer-to-peer platform where transactions run directly between crypto traders without a middleman. Some well-known DEX examples are Uniswap, PancakeSwap, dYdX, and SimpleSwap.

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