Enabling the instant and cheap exchange of crypto is no small feat, but decentralized exchanges (DEXs) are trying their best. Unlike their centralized counterparts, DEXs don’t permit exchanges between fiat and crypto. Instead, they trade crypto for crypto, with many DEXs launching their own tokens to encourage liquidity. Without the regulation required to use fiat as a trading asset, DEX tokens are there to offer an often cheaper and quicker alternative for users looking to trade crypto. In this sense, DEX tokens are primarily a compensation for an absence of fiat, but they also help to accommodate autonomy, protect anonymity, and allow users to retain full possession of their crypto through residing in private key wallets. It’s all very crypto-purist. If you like what you see, here are a few of our favorite picks.
These symbols are curated based on TradingView data. This list does not constitute advice, and you should always do your own research before placing a trade.