— DEX stands for Decentralized exchange while CEX stands for centralized exchange . They both refer to platforms where crypto users can exchange, buy and sell cryptocurrency, seamlessly.11 Oca 2022
Read moreHow does a Centralised exchange work?
In the term “centralized cryptocurrency exchange,” the idea of centralization refers to the use of a middle man or third party to help conduct transactions . Buyers and sellers alike trust this middle man to handle their assets. This is common in a bank setup, where a customer trusts the bank to hold his or her money.
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