Decentralized exchanges (DEXes) are carving out a significant slice of the crypto trading pie.
- Decentralized exchanges are carving out a significant slice of the crypto trading pie, as evidenced by multiple reports and news articles on the topic.
- DEXes operate on public blockchain infrastructure and are open to anyone with the right tools, in contrast to centralized exchanges (CEXes) which are private platforms.
- Arbitrageurs can profit from price differences between DEXes and other markets, and their activities help bring prices across markets into alignment.
- The unique features of DEXes, such as the lack of execution risk, create a more even playing field for traders of all sizes to engage in profitable arbitrage.
- As a result, DEXes are steadily capturing a larger portion of the overall crypto trading volume and market share.
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