Exploring DEXs
An exchange is a place where you can buy and sell stocks of companies. If you want to buy some shares of the Apple company, you can buy AAPL stocks on the exchange through applications such as Robinhood. Now, let us assume that you own a great company, and you want to expand it. You need to get capital from the public. In such a case, you can go public with an initial public offering (IPO). You can release some shares (for example, 20%) to an exchange, and people can buy the shares so that they can own some parts of your company.
This kind of exchange is centralized. There are some properties of a centralized exchange (CEX). A CEX is not up for 24 hours. Regular trading hours in the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotations (Nasdaq) are from 9:30 a.m. to 4 p.m. Normal trading hours in other countries are similar or not far off. No – you cannot trade stocks on holiday!
A CEX has also geographic...
