In the cryptocurrency ecosystem, exchanges are broadly categorized into Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). CEX, such as Binance, operates under a central authority, offering a user-friendly interface, high liquidity, and support for fiat transactions. They manage user funds and provide customer support, making them suitable for beginners.

In contrast, DEX operates without intermediaries, allowing users to trade directly from their wallets using smart contracts. This gives users full control over their assets and enhances privacy. However, DEX may have lower liquidity and lack fiat access, which poses challenges for new users.

Binance has introduced Binance Alpha 2.0, integrating DEX trading into its platform, allowing users to access decentralized markets without leaving the centralized environment. This hybrid approach combines the benefits of CEX and DEX, offering flexibility and convenience.

#CEXvsDEX101 $BNB $SOL

SOL

155.72

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BNB

653.21

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