The idea behind a DEX is “disintermediation,” which means removing middlemen to allow regular people to do business directly with each another . A DEX doesn’t offer custody of users’ crypto assets. Instead, users directly hold all their assets in their own wallets at all times.11 Şub 2022
Read moreHow do centralized exchanges work?
Centralized crypto exchanges directly participate in markets by “clearing” trades . They typically keep digital order books, which are lists of open buy and sell orders, consisting of volumes and prices.
Read moreIs Binance CEX or DEX?
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. High trading volume effect on high liquidity as well.
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