CEX | DEX / Centralized Exchange | Decentralized Exchange
CEX, Centralized Exchange - is a cryptocurrency exchange operating in a centralized manner. This means it's managed by a single organization or company, such as Binance.com or Coinbase.com. All transactions and asset storage are controlled by this institution.
DEX, Decentralized Exchange - is a cryptocurrency exchange operating in a decentralized way, meaning it's not controlled by any single organization or company. Examples of such exchanges include Binance.org, Uniswap.org, and Pancakeswap.finance. Users themselves carry out the exchange of their assets, with the exchange merely acting as an intermediary platform.
DEX, Decentralized Exchange - is a cryptocurrency exchange operating in a decentralized way, meaning it's not controlled by any single organization or company. Examples of such exchanges include Binance.org, Uniswap.org, and Pancakeswap.finance. Users themselves carry out the exchange of their assets, with the exchange merely acting as an intermediary platform.
Updated on: 12/11/2023
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