#CEXvsDEX101 In the world of cryptocurrencies, there are two main types of exchanges: centralized exchanges (CEX) and decentralized exchanges (DEX). Centralized exchanges like Binance and Coinbase are managed by companies that control your money and execute transactions on your behalf. On the other hand, decentralized exchanges like Uniswap and SushiSwap rely on smart contracts and give the user full control over their assets.