A relevant example showing the dangers of relying too much on centralized entities would be the collapse of the major crypto exchange ___.

Which is not an example of a DEX?

CEXs operate using a/an _____ model which matches buyers with sellers willing to trade an asset at a certain agreed-upon price.

Tina likes to invest in newer cryptocurrencies before they are widely adopted in order to maximize her gains. She realized that most CEXs don’t list these coins, so she decided to use DEXs. Which key feature of DEXs is she benefitting from?

Chris had previous negative experiences with centralized institutions and would rather use a trustless system. He decided that he would use DEXs since he could just trust the code and audit it if necessary. Which key feature of DEXs benefits him?

What are Decentralized Exchanges (DEXs)?
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