#CEXvsDEX101

🏛️ Centralized Exchange (CEX)

✅ What Is It?

A centralized exchange is run by a company or organization that acts as a middleman to facilitate trading between users.

📌 Examples:

Binance

Coinbase

Kraken

KuCoin

🧬 Decentralized Exchange (DEX)

✅ What Is It?

A decentralized exchange runs on blockchain smart contracts, allowing peer-to-peer trading without intermediaries.

📌 Examples:

Uniswap (Ethereum)

PancakeSwap (BNB Chain)

SushiSwap

DyDx