#中心化与去中心化交易所 Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are the two main types of cryptocurrency trading, each with its advantages and disadvantages.

Centralized Exchanges (CEX) are operated by institutions, requiring users to register and entrust their assets, with advantages including high liquidity, fast transactions, a rich variety of trading pairs, and user-friendly interfaces, but they come with asset security risks (such as hacking or exit scams).

Decentralized Exchanges (DEX) are based on blockchain smart contracts, where users hold their private keys, making transactions transparent and resistant to censorship, but they have lower liquidity, slower transaction speeds, and more complex operations.

In the future, CEX will still dominate the market, while DEX will continue to innovate in terms of security and trustlessness.