I came across this concept again while reviewing, so I thought I’d share it.
On a CEX, on-chain transfers usually only happen when you deposit or withdraw. Trades within the platform simply update the balances in its internal ledger.
The fundamental difference is who holds the assets: on a CEX, the platform holds them for you; on a DEX, users control their own private keys.
$BNB is both a core token in the Binance ecosystem and the native coin used to pay gas on BNB Smart Chain.
What do you think? Feel free to share your thoughts in the comments.
On a CEX, on-chain transfers usually only happen when you deposit or withdraw. Trades within the platform simply update the balances in its internal ledger.
The fundamental difference is who holds the assets: on a CEX, the platform holds them for you; on a DEX, users control their own private keys.
$BNB is both a core token in the Binance ecosystem and the native coin used to pay gas on BNB Smart Chain.
What do you think? Feel free to share your thoughts in the comments.