What is a DEX?

• Decentralized exchange with no headquarters or company ownership, distributed virtually anywhere in the world.
• Counterpart is a CEX, a centralized exchange, run by a company with a legal headquarters.

Why DEX?

• Clear rules that only existing money can be traded, defined in the blockchain.
• Trust in a defined mathematical algorithm, no person can manually intervene and take control.
• Money on DEX belongs to the user, not the platform or any third party.
• Censorship-resistant, no state can censor or deny access.
• Non-discriminatory, open to everyone.
• Pseudonymity, no personal information is required.
• Based on a secure infrastructure of thousands of computers.
• IoT possible, trading is not limited to humans.
• No registration needed.
• Difficult to target, no power over the network or stored coins.
• Fast and fixed transfer times.
• Low fees, clearly regulated.
• Anonymous deposits from anywhere in the world.