DEX or decentralized exchanges changed many conventional precedents in the crypto landscape. With the introduction of decentralized exchanges, crypto holders could now move over the centralized exchanges by taking complete control of their assets.
A DEX exchange is a trading platform that allows people to buy and sell their crypto assets and trade directly with other users. Traders use this type of trading platform when they want to exchange cryptocurrencies at market price without the intervention of a centralized authority.
The rising use of decentralized exchanges has been responsible for radical growth in attention towards DEX risks apart from their advantages. The examples of the hearings related to GameStop trading volatility showcase doubtful perceptions regarding mainstream adoption of decentralized exchanges or DEX.