[ Definition ]

DEX

A decentralised exchange where trades settle on-chain through smart contracts, without a central operator holding funds.

Part of the Stack and Story crypto glossary: plain-English definitions of the terms that actually move markets, each with the deeper read one click away.

More in the glossary
Basis tradeBitcoin dominanceCEXCold storageDeFiFunding rateGas feeHalvingLayer 1 (L1)Layer 2 (L2)LiquidityMarket capitalisationNot your keys, not your coinsOn-chainRollupSeed phraseSelf-custodySlippageSpot ETFStablecoinTotal value locked (TVL)

Read any crypto situation like an analyst.

The free 5-Minute Crypto Cheat Sheet, then one calm briefing every Sunday.

Free · Independent · Unsubscribe anytime · Privacy