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How Do Centralized Exchanges (CEX) Differ from DEXs?

CEXs are custodial, centralized, and use order books; DEXs are non-custodial, decentralized, and use smart contracts.
Greeks.Live17.11.25

How Do Centralized Exchanges (CEX) Differ from DEXs?

CEXs are operated by a single company, use traditional order books, and require users to deposit funds (custodial). DEXs are decentralized, use smart contracts (often AMMs), and allow users to trade directly from their private wallets (non-custodial).

CEXs offer higher speed and liquidity, while DEXs offer greater security and trustlessness.

How Can Decentralized Exchanges (DEXs) Impact Altcoin Liquidity Compared to Centralized Exchanges (CEXs)?
How Do Hybrid Models Attempt to Combine the Efficiency of CEXs and the Decentralization of DEXs?
How Do Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) Typically Compare in Terms of Bid-Offer Spreads?
Why Do Centralized Exchanges (CEX) Often Have Tighter Spreads for Altcoins than Decentralized Exchanges (DEX)?

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