In the world of cryptocurrencies, CEX and DEX represent two different types of exchange platforms. CEX (Centralized Exchanges) are centralized exchanges, like Binance or Coinbase, that operate with a centralized intermediary, usually a company, that oversees transactions and holds users' funds. On the other hand, DEX (Decentralized Exchanges), like Uniswap, are decentralized platforms that operate without a central intermediary, using smart contracts on a blockchain to facilitate transactions.

Here is a more detailed comparison:

CEX (Centralized Exchanges):

Operate with an intermediary:

A company controls the platform, transactions, and users' funds.

Ease of use:

They generally offer more intuitive interfaces, customer support, and greater liquidity, making them ideal for beginners.

Greater regulation:

CEXs are subject to regulation and compliance, which can provide greater security.

Risk of centralization:

Due to the centralized nature, CEXs are vulnerable to attacks and may face solvency issues.

Custody waiver:

Users must trust the company to keep their funds, which involves a risk of loss in case of bankruptcy or attack.

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