The Difference between the traditional finance and decentralized finance - Jenco Tech

 


DeFi Use Cases

Foreign Exchange (Forex)

Foreign exchange, interchangeably referred to as forex or FX, is a type of trading that occurs across different markets or currencies worldwide. Trade happens between two pairs of currencies, and their exchange value depends on the present exchange rate in a chosen market.

For example, in an exchange between the USD (US Dollar) and the GBP (Great Britain Pound or British pound sterling), the current rate is 1USD for 0.76 GBP. This exchange rate may be different across markets and timeframes.

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