A decentralized exchange (DEX) is a platform that allows for peer‐to‐peer exchange of digital assets.
A DEX does not act as an intermediary to clear transactions. Instead, it provides the framework for the exchange of assets, using smart contracts to efficiently clear transactions. Unlike with centralized exchanges, DEXs allow these actions to take place while individuals maintain custody and control of their cryptocurrency as well as their private keys.
Decentralized exchanges typically use on‐chain order books, off‐chain order books, or automated market makers to facilitate the purchase and sale of assets.
→ View more terminology.
Bison Trails is a blockchain infrastructure platform-as-a-service (PaaS) company based in New York City. We built a platform for anyone who wants to participate in 21 new chains effortlessly.
We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 32 protocols with Query & Transact (QT). Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.
In January, 2021, we announced Bison Trails joined Coinbase to accelerate our mission to provide easy-to-use blockchain infrastructure, now as a standalone product line. The Bison Trails platform will continue to support our customers. With Coinbase’s backing, we will enhance our infrastructure platform and make it even easier to participate in decentralized networks and build applications that connect to blockchain data.