#订单类型解析 Analysis of Centralized and Decentralized Exchanges (CEX vs DEX)

Centralized exchanges (CEX) like Binance and Coinbase, host assets and facilitate trades through the platform, offering a user-friendly interface, high liquidity, and fast trading speeds, making them suitable for beginners and high-frequency traders. However, assets must be stored on the platform, posing risks of hacking or fund freezing.

In contrast, decentralized exchanges (DEX) like Uniswap and PancakeSwap facilitate trades directly on-chain through smart contracts, allowing users to control their assets without a third-party custodian, making them relatively safer and more transparent. The downsides are higher operational thresholds, slower trading speeds, and insufficient liquidity for some smaller tokens.

Overall, CEX is suitable for stable operations, while DEX emphasizes trustlessness and autonomy, allowing users to choose flexibly based on their needs.