#CEXvsDEX101 In the world of cryptocurrencies, the difference between CEX (Centralized Exchange) and DEX (Decentralized Exchange) lies in control and decentralization. CEXs, such as Binance or Coinbase, are centralized platforms where the exchange controls users' private keys and funds. DEXs, such as Uniswap or Sushiswap, are decentralized systems that operate through smart contracts on the blockchain and do not have a centralized intermediary.