In the rapidly evolving world of cryptocurrencies, the ways in which digital assets are traded and managed have become increasingly diverse. Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two primary models dominating the crypto trading landscape. While both serve the purpose of facilitating cryptocurrency transactions, they differ significantly in structure, operation, and user experience. Understanding these differences is crucial for both new and experienced traders looking to navigate the crypto market efficiently.
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