PancakeSwap Exchange

PancakeSwap Exchange is the leading DEX on BNB Smart Chain. It allows users to trade and earn a variety of BEP-20 coins through their Automated Market Maker (AMM) based exchange. Launched in September 2020, Pancake Swap has become quite a sensation in the De-Fi world, gaining popularity rapidly over the past couple of years. The vast majority of crypto trading takes place on centralized exchanges such as Coinbase and Binance.These platforms are governed by a single authority (the company that operates the exchange), require users to place funds under their control and use a traditional order book system to facilitate trading.For example, if you wanted to sell one bitcoin (BTC) at a price of $33,000 on a centralized exchange, you’d need to wait for a buyer to appear on the other side of the order book who’s looking to buy an equal or higher amount of bitcoin at that price.

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