#CEXvsDEX101 what is CEX? What is DEX101

At first , "CEX" stands for Centralized Exchange and "DEX101" stands for Decentralized Exchange.

CEX

Centralized Authority ; platform in which manage a single organization

Custodial; hold users' funds in their own wallets which means users don't have direct control over their private keys.

Key Function; act as intermediaries, facilitating trading between users by matching buyers and sellers and managing the order book.

DEX

Decentralized Nature; they don't have a central authority that controls the trading process or holds users' funds.