#CEXvsDEX101

In a research paper by Sascha Hägele (2024) with title “Centralized exchanges vs. decentralized exchanges in cryptocurrency markets: A systematic literature review”, it is stated that Research on cryptocurrency exchanges, consisting of both centralized exchanges (CEXs) and decentralized exchanges (DEXs), has seen a signifcant increase in contributions in recent years, driven by growing interest in the conceptual design of cryptocurrency markets. Through a comprehensive review of literature published between January 2019 and September 2023, Sascha Hägele has identified and analyzed diferent dimensions of the ongoing CEX vs. DEX debate. While DEXs emphasize decentralization, user control, and resistance to censorship, CEXs ofer higher liquidity, advanced trading features, and a more established track record. Regulatory challenges, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, also feature prominently in the literature and infuence the choice of exchange for both traders and policymakers. Both CEXs and DEXs have pros and cons, means these have benefits but their associated flaws and drawbacks can not be ignored. So to deal with people are moving towards the hybrid models i.e., DeversiFi and Binance Dex which provide better resutls.