What is centralized and decentralized exchange?

The cryptocurrency exchange is a digital marketplace that allows the peer-to-peer exchange of crypto assets. There’s the decentralized exchange (DEXs) and the centralized exchange. Coinbase, Binance, and most major exchanges are centralized .11 Şub 2022

io’s plethora of tradable coins and competitive fees make it a decent platform for advanced traders who want to chase lesser-known coins on a centralized exchange and don’t mind the fact they’ll be limited to spot trading.

Centralized exchanges are regulated, need licenses to operate, and are compliant with the regulatory authorities. Decentralized exchanges on the other hand are complicated to regulate . These DEXs are difficult to regulate due to the highly distributed blockchain.