📐 Crypto Basics | Centralized and Decentralized Exchanges
· Definition: Uniswap launched on Ethereum in November 2018 and was one of the earliest decentralized exchanges to adopt AMM. $UNI is its governance token.
· Why: The most fundamental difference between the two is who holds the assets: on a CEX, the platform holds them; on a DEX, users hold their own private keys.
· Note: Price impact is often significant in less popular DEX pools, so check the estimated amount you’ll receive before swapping.
$BNB 746.61（+0.69%）
#BNB
This is not financial advice. Make your own trading decisions.
· Definition: Uniswap launched on Ethereum in November 2018 and was one of the earliest decentralized exchanges to adopt AMM. $UNI is its governance token.
· Why: The most fundamental difference between the two is who holds the assets: on a CEX, the platform holds them; on a DEX, users hold their own private keys.
· Note: Price impact is often significant in less popular DEX pools, so check the estimated amount you’ll receive before swapping.
$BNB 746.61（+0.69%）
#BNB
This is not financial advice. Make your own trading decisions.