#CEXvsDEX101 CEX acts as an intermediary between buyers and sellers, providing high liquidity and a user-friendly interface. Some well-known CEX examples are Binance, Coinbase, and Kraken.

Decentralized Exchange (DEX) is a crypto trading platform that operates without a centralized intermediary. All transactions on DEX are executed through smart contracts on the blockchain, which means users can trade directly with each other.

Popular DEX examples among crypto investors include Uniswap, SushiSwap, and PancakeSwap.