DeFi vs DEX / Decentralized Exchange
Quick comparison to help you distinguish these two crypto terms.
DeFi
beginner
strategy
A blockchain-based financial system enabling lending, borrowing, trading, and earning interest on cryptocurrency without traditional banks or intermediaries through automated smart contracts.
Read full definitionDEX / Decentralized Exchange
intermediate
market_structure
A decentralized exchange is a blockchain-based trading platform that allows users to swap cryptocurrencies directly from their own wallets without a company holding their funds.
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