Decentralized exchanges (DEX) have transformed the cryptocurrency market, allowing users to trade digital assets without relying on intermediaries. Unlike traditional centralized... moreDecentralized exchanges (DEX) have transformed the cryptocurrency market, allowing users to trade digital assets without relying on intermediaries. Unlike traditional centralized exchanges (CEX), DEX platforms operate on blockchain networks and utilize smart contracts to facilitate secure, transparent, and trustless transactions.
We will explore everything you need to know about decentralized exchanges, and the top DEX platforms in 2025.
Centralized Exchanges (CEX) vs. Decentralized Exchanges (DEX)While both centralized and decentralized exchanges serve the purpose of facilitating cryptocurrency trading, they have significant differences in their structure and work.
Centralized Exchange (CEX)
A centralized exchange is a trading platform operated by a third-party entity that acts as an intermediary between buyers and sellers. Users must create an account, complete KYC (Know Your Customer) verification, and store their assets within the exchange’s custody. Popular CEX platforms include Binance,... less