A look at centralized and decentralized exchanges:
Many DEXs don’t have order books. Instead, they use liquidity pools and automated market-making algorithms to set prices, as Uniswap does on Ethereum.
CEXs generally offer services such as fiat on-ramps, customer support, and account recovery. In return, you need to trust the platform’s risk controls and asset management.
$BNB 745.42（+0.043%）
#BNB
Many DEXs don’t have order books. Instead, they use liquidity pools and automated market-making algorithms to set prices, as Uniswap does on Ethereum.
CEXs generally offer services such as fiat on-ramps, customer support, and account recovery. In return, you need to trust the platform’s risk controls and asset management.
$BNB 745.42（+0.043%）
#BNB