Centralized vs Decentralized Crypto Exchanges Explained
Centralized exchanges (CEXs) like Binance and Coinbase offer convenience, high liquidity, and advanced trading tools, holding user assets in custody. Decentralized exchanges (DEXs) operate on blockchain networks, allowing users to trade directly from their wallets with complete control over their assets. Both models support the crypto ecosystem differently. Understanding their pros and cons helps users choose the right platform for their needs while managing risk effectively.