#CEXvsDEX101 CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two types of cryptocurrency trading platforms. CEX operates like traditional stock exchanges, with a central authority managing transactions and user accounts. Examples include Binance and Coinbase. DEX, on the other hand, operates on blockchain technology, allowing peer-to-peer transactions without intermediaries. Examples include Uniswap and SushiSwap. While CEX offers ease of use and liquidity, DEX provides greater security, transparency, and control over assets. Understanding the differences between CEX and DEX is crucial for navigating the cryptocurrency market effectively and making informed decisions about where to trade digital assets. Each has its pros and cons.