Home > Reviews > Exchanges > Decentralized Cryptocurrency Exchanges Decentralized Cryptocurrency Exchanges Posted on Jun 06, 2023. Decentralized exchange (DEx) is a crypto exchange where traders make transactions without relying on a third party. Trading is automated and peer-to-peer. Items: 4 1Decentralized? Bisq Exchange and Hodl Hodl Exchange Review 2Kyber Network Review | ETH Decentralized Exchange 3IDEX Review | Decentralized ETH Asset Exchange 4Bancor Review: Smart Tokens Decentralized Network Comments