#中心化与去中心化交易所

Centralized exchanges (CEX) like Binance and Coinbase are known for their ease of use and high liquidity, making them suitable for beginners and high-frequency traders. However, they require trust in the platform to safeguard assets, which poses risks of hacking and regulatory intervention.

In contrast, decentralized exchanges (DEX) like Uniswap and dYdX enable peer-to-peer trading through smart contracts, allowing users full control over their private keys and assets, aligning more with the spirit of cryptocurrency. The downside is that the operational threshold is higher, and some trading pairs have lower liquidity.

With technological advancements and the application of Layer 2, DEX is narrowing the gap with CEX. In the future, both may develop towards a hybrid model, balancing security and efficiency, allowing users to choose the trading method that best suits their needs.