#CEXvsDEX101 CEX (Centralized Exchanges):Examples: Binance, Coinbase, Kraken.How they work: Operated by a central entity, holding user funds in custodial wallets. Users trade via the platform’s order book.Pros:High liquidity and fast transactions.User-friendly interfaces, often with fiat on/off ramps.Advanced features like margin trading and staking.Cons:Custodial: Users don’t control their private keys ("not your keys, not your crypto").