What are Decentralized Exchanges or DEX

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A decentralized exchange is a place where you can carry out a peer to peer exchange with another user without the intermediation of anyone. There is no central body (such as a centralized platform) that takes custody of your funds, but you have total control over them. In fact, when you deposit funds into your account opened at a centralized exchange, the latter will have custody of them, although you will use them to…