What is meant by decentralized trading platforms?

Binance Academy · 2023-05-11T02:25:39.000Z

Summary If you are familiar with cryptocurrency trading platforms, you know that you have to register an account via your email, create a strong password, verify your account, and then start trading cryptocurrencies. Decentralized trading platforms work in the same way, but they do not require registering an account. In most cases, the user is not required to deposit or withdraw cryptocurrencies. The trading process takes place between two wallets owned directly by two users, with limited (if any!) intervention by a third party.