#CEXvsDEX101 Centralized Exchange (CEX) vs. Decentralized Exchange (DEX)

DEXs have gained momentum thanks to the enthusiasm surrounding decentralized financial solutions (DeFi). The rapid shift to Uniswap, a decentralized exchange, has sparked a debate among traders about the advantages and disadvantages of decentralized exchanges versus centralized ones (CEX).

Numerous blockchain enthusiasts anticipate that the customer base of decentralized exchanges will skyrocket in the coming years. Several recognized cryptocurrency exchanges are also being developed as decentralized versions of their blockchain trading platforms to differentiate between various transactions.