#CEXvsDEX101

CEX) and decentralized exchanges (DEX). Each has its own advantages and disadvantages, making them suitable for different trading needs.

**CEX** operates like a traditional financial institution where users deposit funds and trade through an intermediary. Examples include Binance, Coinbase, and Kraken. CEXs offer high liquidity, user-friendly interfaces, and customer support, but require users to trust the platform with their assets.