#CEXvsDEX101 In the world of cryptocurrencies, CEX and DEX represent two different types of exchange platforms. CEX (Centralized Exchanges) are centralized exchanges, such as Binance or Coinbase, that operate with a centralized intermediary, usually a company, which 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.