#CEXvsDEX101 In the rapidly evolving landscape of cryptocurrency trading, understanding the differences between centralized exchanges (CEX) and decentralized exchanges (DEX) is crucial for making informed decisions. Both types of exchanges have their unique characteristics, benefits, and drawbacks.

Centralized Exchanges (CEX)

CEX platforms are operated by a central authority, which manages transactions, secures assets, and provides liquidity. Examples include Binance, Coinbase, and Kraken.