#CEXvsDEX101

Centralized Exchange CEX vs Decentralized Exchange DEX are two types of cryptocurrency trading platforms in terms of operation and advantages.

CEXs are centralized platforms where trading is mediated by third parties (the broker), who manage the infrastructure and the users' funds.

DEXs, on the other hand, are decentralized platforms that operate through smart contracts on blockchains, allowing users to trade directly without the need for an intermediary.