#CEXvsDEX101

CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two types of cryptocurrency trading platforms that differ in how they operate.

CEX is operated by centralized companies that act as intermediaries in crypto transactions. Meanwhile, DEX operates in a decentralized manner using smart contracts from Bitcoin.

One example of DEX is Uniswap, Sushiswap, and Pancake Swap.

The main difference between DEX and CEX is:

CEX is managed by a central entity while DEX operates autonomously using smart contracts.