#CEXvsDEX101 Understanding the Difference Between CEX and DEX in Cryptocurrency Trading🤔💡

The image presents a clear visual representation of the main differences between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) in the cryptocurrency market. The title, "What are the main differences between a DEX and a CEX," sets the stage for an informative comparison.

Visual Representation📊

The image features two network diagrams, one for CEX and one for DEX, each illustrating how different cryptocurrencies are connected. The CEX diagram shows a more centralized structure, with a single node at the center connecting to various cryptocurrency symbols (Bitcoin, Litecoin, Ethereum, Binance Coin, and Tether). In contrast, the DEX diagram displays a decentralized network where multiple nodes are interconnected, allowing for peer-to-peer transactions without a central authority.