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DEX/CEX
A DEX is a decentralized exchange and a CEX is a centralized exchange and you can buy and sell cryptocurrencies and tokens on both.
Just like the difference between DeFi and CeFi , a DEX is autonomous and run by algorithms and smart contracts, while a CEX is run by a company with human management.
Big name examples of DEXs include Uniswap and Kyber, while well-known CEXs include Coinbase and Binance.
CEXs can be cheaper than DEXs, but users don’t get any say in how they are run as they do with some DEXs.
Last modified 9mo ago
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