#CEXvsDEX101 CEX vs DEX: Understanding the Difference

1. Definition

CEX (Centralized Exchange) A platform operated by a centralized organization that facilitates crypto trading by acting as an intermediary. Examples: Binance, Coinbase, Kraken.

DEX (Decentralized Exchange) A peer-to-peer marketplace that allows users to trade cryptocurrencies directly from their wallets without relying on a central authority. Examples: Uniswap,