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Glossary

DEX

An exchange that runs as a smart contract, no custodian.

A DEX (decentralized exchange) is an exchange running as smart contracts: you trade directly from your own wallet, and no company holds your funds.

DEXes mostly serve tokens on smart-contract chains. Freshly mined proof-of-work coins usually trade on centralized exchanges first, which is why the selling guide in the help center focuses on those.

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