DEX is not a trade it is a swap(one tokens for another) – computer protocol.
Swap in a liquidity pool, access
-People(LPs)
AMM AUTOMATED MARKER MAKERS
Dex- no one owns them, massive access, and trade. Dexs offer staking and rewards, earn commission instead of paying, security concern, too slow for day trading, no charts or order books, can’t use different types.
Pro: access to small Altcoins which is used for investing and make decentralized (anonymous) swaps, yield farming, only run in smart contract blockchains DeXsAND ceXs.