Trading volume on decentralized exchanges (DEXs) hit $32 billion within seven days in mid-November, recording another high since early June this year. This came after an explosive, tumultuous week in the crypto industry, which drove many investors — both seasoned and new alike — to take refuge in self-custodial, permissionless and decentralized trading platforms.
A variety of DEX models are available on the market at present; built on the principles of decentralization and financial freedom for all without restrictions, DEXs have been welcomed for the following reasons:
Removal of intermediaries supervising trades, where traders execute their trades based on immutable smart contracts
Greater security and privacy as only traders are privy to their data and such data cannot be shared/seen by others
Traders own their funds and assets, with multiple alternatives for fund recovery in the event of platform service suspensions or disruptions.
No access restrictions based on geographical l

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