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Decentralized exchanges (DEXs) are revolutionizing cryptocurrency trading by offering enhanced privacy, security, and autonomy. Built on blockchain technology, DEXs eliminate intermediaries, enabling peer-to-peer transactions without geographic restrictions. However, their decentralized nature poses significant regulatory challenges.
- DEXs eliminate intermediaries, giving users full control over their funds and enhancing privacy through pseudonymous transactions.
- The decentralized nature of DEXs complicates regulatory enforcement, as they lack a central authority and prioritize user anonymity.
- DEXs promote financial inclusivity by enabling global peer-to-peer trading and fostering innovation through reduced bureaucratic barriers.
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