Crypto exchanges have evolved significantly, and there is a growing debate between centralized (CEX) and decentralized (DEX) platforms. This article compares both models.
What Are Centralized Exchanges?: Define CEXs as platforms like Binance and Coinbase that are run by centralized entities and offer services like custodial wallets.
What Are Decentralized Exchanges?: Explain DEXs like Uniswap and PancakeSwap, where users trade directly with one another without intermediaries.
Pros and Cons of Each: Compare the benefits and drawbacks, such as security concerns on CEXs versus liquidity challenges on DEXs.
