#CEXvsDEX101 There are mainly two different types of exchanges, and they are centralised exchanges (CEX) and decentralised exchanges (DEX). They mostly differ by their ownership and control, even though there are other differences worth mentioning.
Centralised Exchanges: Owned and controlled by a central authority, which can be a company or organisation. One example is binance.
Decentralised exchange: These run on blockchain based smart contracts, so they don't require any central authority.
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