#订单类型解析 **Comparison of Centralized and Decentralized Exchanges**

Centralized exchanges (CEX) like Binance and Huobi are managed by third-party institutions, offering high liquidity, fast trading, and fiat channels, but users need to entrust their assets, which poses security risks. Decentralized exchanges (DEX) like Uniswap and PancakeSwap operate based on blockchain smart contracts, allowing users to hold their private keys, making assets safer, but with lower liquidity, slower trading speeds, and a lack of fiat support. CEX is suitable for beginners and efficient trading, while DEX is suitable for users who prioritize privacy and security. Both have their pros and cons and together promote the development of the cryptocurrency market.