#CEXvsDEX101
Here's an informative article on #CEXvsDEX101, including a market analysis:
š #CEXvsDEX101: Centralized vs Decentralized Exchanges Explained
In the ever-evolving world of cryptocurrency, understanding the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) is crucial for traders, investors, and developers alike. Each plays a distinct role in the crypto ecosystem and caters to different needs, risks, and levels of technical expertise.
š¦ What is a Centralized Exchange (CEX)?
A Centralized Exchange is operated by a company that acts as a middleman between buyers and sellers. Examples include Binance, Coinbase, and Kraken. Users deposit funds into the exchange's custody, which facilitates trading, provides liquidity, and offers additional services like margin trading or staking.