A centralized exchange and a decentralized exchange are the two major traditional models for cryptocurrency trading vying for dominance. While CEXs often have user-friendly interfaces and high liquidity, they are often criticized for their potential security risks and centralization. DEXs, on the other hand, are decentralized platforms, allowing users autonomy over their assets. However, they often suffer from limited liquidity and complex user interfaces.
A centralized exchange and a decentralized exchange are the two major traditional models for cryptocurrency trading vying for dominance. While CEXs often have user-friendly interfaces and high liquidity, they are often criticized for their potential security risks and centralization. DEXs, on the other hand, are decentralized platforms, allowing users autonomy over their assets. However, they often suffer from limited liquidity and complex user interfaces.
Source: Digital Coin News (digitalcoinnews.net)
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