About centralized and decentralized exchanges:
On a CEX, on-chain transfers generally occur only when depositing or withdrawing; trades within the platform only change the balances in the platform’s ledger.
CEXs generally offer services such as fiat on-ramps, customer support, and account recovery, at the cost of having to trust the platform’s risk controls and asset management.
$BNB 671.88（-1.31%）
On a CEX, on-chain transfers generally occur only when depositing or withdrawing; trades within the platform only change the balances in the platform’s ledger.
CEXs generally offer services such as fiat on-ramps, customer support, and account recovery, at the cost of having to trust the platform’s risk controls and asset management.
$BNB 671.88（-1.31%）
