#CEXvsDEX101 Binance offers both centralized (CEX) and decentralized (DEX) trading options. Binance's CEX is one of the largest in the world, offering high liquidity, fast execution, a wide range of assets, and features like futures, staking, and margin trading. It requires user verification (KYC) and custody of user funds. In contrast, Binance's DEX, built on the BNB chain, allows users to trade directly from their wallets using smart contracts. It emphasizes decentralization, privacy, and control, but has less liquidity and fewer trading pairs. While the CEX caters to most traders due to its ease of use, the DEX attracts those who value autonomy.