What are the key features of a decentralized exchange platform?

submitted 10 months ago by jenniferlewis to bitcoin

A decentralized exchange platform typically includes the following key features:

Non-custodial Trading: Users retain control over their funds and execute trades directly from their wallets, eliminating the need for a central authority.

Order Matching: The platform matches buy and sell orders to facilitate trading between users.

Liquidity Pools: Liquidity pools enable users to trade assets even if there are no direct buyers or sellers available, ensuring better liquidity and market efficiency.