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Decentralized Exchanges

Peer-to-peer cryptocurrency trading platforms that operate without a central authority.

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DEX Market Share Hits Record 24% as Spot Crypto Volumes Drop
finance1 min read

DEX Market Share Hits Record 24% as Spot Crypto Volumes Drop

Decentralized exchanges reached a record 24% share of spot cryptocurrency trading while centralized exchange trading volumes decreased. Total spot exchange volume is nearing a 12-month low of $670 million, down significantly from an annual high of $2.23 trillion.