What is DEX in Binance?

Binance DEX is a decentralized exchange created by Binance and powered by the company’s Binance Coin (BNB) . It offers lower fees and improved security over centralized exchanges. However, it also has a steeper learning curve, and is best suited to experienced crypto users.5 Şub 2021

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Is BSC a DEX?

We recognized 31 DEX protocols on Ethereum and four on Binance smart chain (BSC). On Ethereum, Uniswap(V1 and v2 and their clones and similar) protocols have more than 65% of the DEX market share. However, on BSC, Uniswap(V1 and v2 and their clones and similar) protocols executing 99.99% of the trades.

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Is Binance DEX or Cex?

Binance, Bitmax, Bitfinex, CEX.io, Kraken, and OKEx are examples of CEX . Advantages of CEX : High trading volume and high liquidity As CEX is famous and used by a lot of active users who buy/sell their assets, it results in high trading volume compared to DEX.

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