بورصة لامركزية
An exchange where trades settle through smart contracts, not a company.
A decentralised exchange lets users swap tokens directly from their own wallets. There is no deposit, no account and no custodian holding the funds. Uniswap, Curve and PancakeSwap are among the largest.
Most use automated market makers rather than order books. Users bear responsibility for slippage settings, token contract verification and gas costs.