DEX is a decentralized exchange and CEX is a centralized exchange, both of which can buy and sell cryptocurrencies and tokens. Just like the difference between DeFi (centralized finance) and CeFi (decentralized finance), DEX is automated and run by algorithms and smart contracts, while CEX is run by companies with human management. Well-known DEXs include Uniswap, Sushiswap, and Kyber, among others, and there are countless well-known CEXs, including Coinbase, Binance, and many others. Operationally, CEX may be cheaper than DEX, but users may know very little about how they operate, and so does DEX

DEX is a decentralized exchange and CEX is a centralized exchange, both of which can buy and sell cryptocurrencies and tokens. Just like the difference between DeFi (centralized finance) and CeFi (decentralized finance), DEX is automated and run by algorithms and smart contracts, while CEX is run by companies with human management. Well-known DEXs include Uniswap, Sushiswap, and Kyber, among others, and there are countless well-known CEXs, including Coinbase, Binance, and many others. Operationally, CEX may be cheaper than DEX, but users may know very little about how they operate, and so does DEX