CEX / Centralized Exchange vs DEX / Decentralized Exchange
Quick comparison to help you distinguish these two crypto terms.
CEX / Centralized Exchange
beginner
market_structure
A centralized exchange is a company-operated cryptocurrency trading platform that holds your funds, manages order matching, and requires identity verification to use.
Read full definitionDEX / Decentralized Exchange
intermediate
market_structure
A decentralized exchange is a blockchain-based trading platform that allows users to swap cryptocurrencies directly from their own wallets without a company holding their funds.
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