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What is a Decentralized Exchange?

Numerous entrepreneurs are taking it upon themselves to create what they believe will be the future of trading: Decentralized Exchanges.  Decentralized exchanges allow cryptocurrency traders to remain custodians of their own funds.

A decentralized exchange is not coordinated by any one central entity. Instead, it runs on a distributed ledger, like cryptocurrencies themselves. By definition, decentralized exchanges do not facilitate fiat on/off-ramps. Additionally, unlike central exchanges, these platforms do not hold their customers’ personal information, account balances, portfolio allocations, and fund positions.

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