In the world of cryptocurrencies, a CEX (Centralized Exchange) is a platform managed by a centralized company that facilitates the exchange of cryptocurrencies, while a DEX (Decentralized Exchange) operates without intermediaries using smart contracts on a blockchain.
CEX (Centralized Exchange):
Centralized operation:
A CEX is controlled by a company that acts as an intermediary between buyers and sellers, overseeing transactions.
DEX (Decentralized Exchange):
Decentralized operation:
DEXs operate without intermediaries, using smart contracts on a blockchain to facilitate the exchange of cryptocurrencies.
