What are centralized and decentralized crypto exchanges?

Crypto's Centralized and Decentralized Exchanges Explained- Pros and Cons The cryptocurrency exchange is a digital marketplace that allows the peer-to-peer exchange of crypto assets. There's the decentralized exchange (DEXs) and the centralized exchange. Coinbase, Binance, and most major exchanges are centralized.

What is a cryptocurrency exchange?

Matthew Sigel: The exchange category includes the tokens of centralized cryptocurrency exchanges, such as FTX and Binance, who in many cases have chosen to list their entities as cryptocurrencies that trade on a cryptocurrency exchange, rather than going public in an IPO on a traditional securities exchange.

What is the difference between CCE and decentralized exchanges?

Among other things, the main difference between all the exchanges is whether they’re centralized or decentralized. The centralized ones (CCE or CEX) are governed by a single central authority that functions as an intermediary, whereas the decentralized exchanges, or DEXs, operate peer-to-peer.