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How a Cryptocurrency Exchange WorksIn the rapidly evolving world of digital finance, decentralized cryptocurrency exchanges (DEX) have emerged as a game-changing innovation. The decentralized exchange is an open market, making it possible to trade existing cryptocurrencies or adding new crypto assets on the fly directly in the. Decentralized exchanges (DEXs) have emerged as a crucial component of the cryptocurrency ecosystem, offering a more secure, transparent, and user-centric.