#中心化与去中心化交易所 In the cryptocurrency field, centralized and decentralized exchanges are two main trading platforms.

Centralized exchanges are operated by specific institutions, such as Binance and Coinbase. Users need to deposit assets into the exchange account, and trades are matched by the exchange. Their advantages include high liquidity, good trading depth, fast speed, user-friendly interfaces, and support for various fiat and cryptocurrency trades. However, the drawbacks are also evident; user assets are held by the exchange, which poses risks of embezzlement, hacking, and requires KYC identity verification, compromising privacy.

Decentralized exchanges are based on blockchain technology and smart contracts, such as Uniswap and SushiSwap. Users control their private keys, and assets are stored in personal wallets, with trades executed directly on the blockchain. Its advantages include asset security, strong privacy, and publicly transparent transaction records. However, decentralized exchanges also have drawbacks such as lower liquidity, trading speed limited by blockchain network constraints, and relatively complex operations. $BTC