DEX

Otherwise known as a Decentralized Exchange. Such platforms allow users to handle transactions in a peer-to-peer manner, to obtain tokens through a user's own wallet with the help of smart contracts. This is as opposed to the way CEXs (Centralized Exchanges) work, which operate through a middleman (the CEX itself).

Some examples of DEXs include UniSwap, Mesa and Balancer.

Some examples of CEXs include Binance, Coinbase and OKex.