DEX / Decentralized Exchange vs Liquidity Pool
Quick comparison to help you distinguish these two crypto terms.
DEX / 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.
Read full definitionLiquidity Pool
intermediate
fundamentals
A liquidity pool is a smart contract holding reserves of two or more tokens that users deposit to enable decentralized trading, earning a share of transaction fees in return.
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