#CEXvsDEX101

DEX users store their private keys and personal information - KYC compliance is not required. There are two types of DEX: those with an order book system (LoopRing, Gnosis Protocol, or IDEX) and those with innovative automated market makers (Uniswap was the first company to adopt this model). Since the listing process is not as rigorous as that of CEXs, DEXs can list more trading pairs.

Despite the rapid development of Decentralized Finance (DeFi), CEXs continue to be extremely popular due to their high liquidity and level of security. CEXs use an order book system to match buy and sell prices, which means that the more orders there are, the more liquid the market is. CEXs also provide fiat-crypto trading pairs and act as a guarantee for the completion of transactions. They are particularly suitable for beginners - most individual investors have made their first crypto transactions on the "gateway ramp" or, more simply put, with credit cards. Bitget is an excellent example of a major centralized trading platform with 2 million users (8,000 of whom are active daily) and ranks 3rd globally in terms of liquidity.