Pancakeswap

PancakeSwap is the leading decentralized exchange on Binance Smart Chain, with the highest trading volumes in the market.

PancakeSwap is a type of DEX known as an automated market maker (AMM). This essentially means that there are no order books, bid/ask system or limit/market orders. Instead, users trading on the platform automatically draw liquidity from one or more liquidity pools, which then rebalance after the trade is complete.