#CEXvsDEX101 CEXvsDEX101

The battle intensifies between centralized exchanges (CEX) versus decentralized exchanges (DEX).

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, and KuCoin. These platforms are operated by companies that manage the order books, funds, and user accounts.

What is DEX?

DEX = Decentralized Exchange

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