#CEXvsDEX101 The battle between centralized exchanges (CEX) and decentralized exchanges (DEX) intensifies.

Both serve the same purpose: buying, selling, and trading cryptocurrencies. But how do they work? They are completely different.

What is CEX?

CEX = Centralized Exchange

Think of platforms like Binance, Coinbase, CoinKoin. These platforms are managed by companies that handle the order books, funds, and user accounts.

What is DEX?

DEX = Decentralized Exchange

Think of Uniswap, PancakeSwap, or GMX. These applications operate on blockchain protocols without $BNB