#中心化与去中心化交易所

Centralized exchanges (CEX) are operated by institutions, offering efficient trading and good liquidity, but require trust in the platform to custody assets; decentralized exchanges (DEX) are based on smart contracts, allowing users to independently control their assets, being transparent and secure, but with lower liquidity and a trading experience that needs improvement. Both have their advantages and disadvantages in terms of efficiency, security, and trust models.