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Crocswap: A Decentralized Exchange for Cryptocurrencies
A decentralized exchange is just anywhere you can swap one crypto asset or another. It's a single place on the blockchain. Smart contract that operates autonomously. There's no venue, you don't have to deposit your money at FTX and hope that FTX has your money at the end of the day. Go trade it, do a transaction, tokens go out of your wallet, tokens come back to your wallet at the end-of-day.