Cryptocurrency Basics | What’s the Difference Between CEX and DEX?
A centralized exchange (CEX) holds users’ assets on behalf of the operator, and trades are matched on the platform’s internal order book, not every transaction is written on-chain.
On a DEX, anyone can create a new liquidity pool, so new coins can be listed faster, and there are also more imitation tokens; to identify a token, check the contract address.
$BNB is both the main token in the Binance ecosystem and the native coin used to pay gas on BNB Smart Chain.
The market always involves uncertainty, so decide in advance how to handle being wrong.
#BNB
The above is a compilation of public information; please verify it yourself.
A centralized exchange (CEX) holds users’ assets on behalf of the operator, and trades are matched on the platform’s internal order book, not every transaction is written on-chain.
On a DEX, anyone can create a new liquidity pool, so new coins can be listed faster, and there are also more imitation tokens; to identify a token, check the contract address.
$BNB is both the main token in the Binance ecosystem and the native coin used to pay gas on BNB Smart Chain.
The market always involves uncertainty, so decide in advance how to handle being wrong.
#BNB
The above is a compilation of public information; please verify it yourself.