#TradingTypes101 Here's a detailed summary of CEX vs DEX:

*Centralized Exchanges (CEX)*

1. *Definition*: A centralized exchange is a platform where users can buy, sell, and trade cryptocurrencies through a central authority.

2. *Characteristics*: CEXs are typically custodial, meaning users' funds are held by the exchange.

3. *Examples*: Binance, Coinbase, Kraken