changehero Blog

DEX Integration In Changehero — How Do You Benefit?
Author: Catherine
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Maybe you already know that ChangeHero scours the crypto market for the best rate, but have you ever wondered how we do it? The best rates and a long list of supported assets are possible thanks to integrations of multiple liquidity sources.

Did you know that a week ago ChangeHero added a DEX to our list of liquidity providers? Read on to find out how it benefits everyone using the platform.

What is a DEX?

DEX stands for “decentralized exchange”. It is a peer-to-peer marketplace that connects cryptocurrency buyers and sellers. Popular examples of DEXs are Uniswap and PancakeSwap.

From an end user’s point of view, a decentralized exchange works similarly to an instant exchanger. You send only as much crypto as you need to be exchanged — in other words, DEXs are also non-custodial, in contrast to centralized exchanges. The user remains in control of their private keys when transacting on a DEX platform. The difference between a DEX and an instant exchanger is that it uses smart contracts instead of a proprietary exchange algorithm.

After the integration, ChangeHero combines a UX flow of decentralized exchange with liquidity from multiple popular CEXs.

Benefits of Integrating DEX to ChangeHero

What other perks will you be able to enjoy? The list is longer than you might think.

Even More Arbitrage Opportunities

Beginning and advanced users alike will enjoy improvements to the ChangeHero platform. Did you know you can even earn crypto by swapping if you know how to arbitrage? And DEX facilitates this process even further.

Wrapping Up

We are thrilled to bring you the news about the DEX integration to ChangeHero. If you don’t want to miss the next big thing to come to the platform, follow us! The news about ChangeHero and the crypto world is posted in the blog, and for online updates, keep an eye on our social media:

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