Basic knowledge to distinguish between CEX and DEX exchanges in #crypto
- Exchange #DEX (Decentralized Exchange)
DEX are cryptocurrency exchanges that operate decentralized on the blockchain platform, buying and selling will take place peer-to-peer on the network without having to go through any organization,...
Top 10 DEX exchanges with the highest 24h Trading Volume today, according to Coingecko: Uniswap ($UNI), THORChain ($RUNE), Synthetix Network ($SNX), dYdX ($DYDX), Osmosis ($OSMO), PancakeSwap ($ CAKE), Curve KNIFE ($CRV), Gnosis ($GNO), 1inch ($1INCH), Raydium ($RAY).
- Exchange #CEX (Centralized Exchange)
CEX is a centralized exchange managed by a third party (organization, company or exchange owner). That means all assets you deposit into your account are controlled and managed by that organization. CEX exchanges are intermediaries specializing in providing coin and token trading and exchange services for users.
Top 10 CEX exchanges with the highest 24h Trading Volume today, according to Coingecko: Binance ($BNB), FTX ($FTT) - being sued, Tokenize Xchange ($TKX), Huobi ($HT), WOO ($WOO) , Bitget ($BGB), WhiteBIT ($WBT), Crypto.com ($CRO), OKX ($OKB), AscendEx ($ASD).
