#中心化与去中心化交易所 #Centralized and Decentralized Exchanges

Centralized Exchanges (CEX) provide matching and custody services through third-party platforms. Once funds are deposited into the platform, they are controlled by the platform, requiring users to trust the platform's security and operations. The advantages include fast transaction speeds, high liquidity, and complete functionalities, while the disadvantages include single point of failure, regulatory scrutiny, and financial risks. Decentralized Exchanges (DEX) match trades through smart contracts on the blockchain, allowing users to manage their private keys and funds independently. The advantages are the elimination of third parties, enhanced asset security, and privacy, whereas the disadvantages include slower transaction speeds, high slippage and fees, and insufficient capital depth. The risks and costs of both differ, and investors should consider their own needs and risk tolerance when making a choice.