Types of Crypto Exchanges
Centralized Exchanges (CEX): These are the most common type. Operated by a company, they act as intermediaries between buyers and sellers. Examples include Binance, Coinbase, and Kraken. They offer user-friendly interfaces, a wide range of features, and high liquidity.
Decentralized Exchanges (DEX):
These operate without a central authority, offering direct peer-to-peer trading. They provide enhanced privacy and security but usually have lower liquidity and fewer features. Examples include Uniswap and SushiSwap.
