0x (ZRX)

0x is a decentralized exchange (DEX) aggregator.

It works to find the best price for users looking to swap assets. It does this by pulling liquidity from multiple DEXs on the network.

This saves users from having to search through several exchanges to find the best place to trade an asset. Even if they were up to the task, by the time they found the best price and entered the trade… prices would have likely changed by then.

This makes 0x the one-stop shop to exchange assets on a decentralized network, such as Ethereum.

Related Terms

Ethereum (ETH)

Ethereum is a decentralized, open-source, and distributed computing platform that enables the creation of smart contracts and decentralized applications, also known as dapps. Ethereum, or the Ethereum Virtual Machine (EVM), is an attempt to build a new version of the internet: An internet where money and payments are built-in. An internet where users can own […]

Stop Loss (SL)

A stop loss is a limit order in which a trade is closed when a specified price is reached and is used to protect against further losses.

Stop Limit Order

The Stop Limit Order combines elements of both stop and limit orders to provide traders with more control over their trades.

Bucket Shop

Forex bucket shops are brokerage firms that have “questionable” trading practices such as unusually frequent price misquotes or requotes, slippage only favorable to the broker, and stop...

Stop Order

A stop order is an order placed to either buy above the market or sell below the market at a certain price. It is an instruction to your broker to execute a trade at a particular level that is less favorable than the current market price. In the image above, the blue dot is the current price. Notice how the green line is […]