#CEXvsDEX101 usually refers to a basic comparison between CEX (Centralized Exchanges) and DEX (Decentralized Exchanges) — two different types of platforms for cryptocurrency trading. Below I explain both concepts applied to the context of Binance, which is one of the most well-known exchanges in the world:

🔹 What is a CEX (Centralized Exchange)?

A CEX is a centralized exchange, operated by a company that acts as an intermediary to facilitate trading between users. Binance (the main platform) is a clear example of a CEX.

✅ Advantages of CEX:

High liquidity and trading volume.

User-friendly interface and customer support.

Advanced features (futures, margin, staking).