Centralized vs Decentralized Exchanges: Making Informed Crypto Trading Decisions
by ObyteAugust 28th, 2023 Too Long; Didn't Read
Two prominent types of exchanges in the crypto world are centralized exchanges (CEX) and decentralized exchanges (DEX) Each has its own set of characteristics, advantages, and drawbacks. Centralized exchanges provide a user-friendly interface, high liquidity, and a wide range of trading pairs. Decentralized exchanges operate more automatically, with smart contracts.