#CEXvsDEX101 CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two different types of cryptocurrency platforms, each with distinct advantages and disadvantages. CEXs are run by a central authority that manages transactions and user data, offering higher liquidity and a more traditional trading experience. DEXs, on the other hand, operate on a decentralized protocol, allowing users to trade directly with each other without a central intermediary, emphasizing privacy and control over assets.