Centralized Exchanges

Centralized Exchanges is an organization that coordinates cryptocurrency trading on a large scale using a business model.
It uses a similar model to traditional asset exchanges, such as securities exchanges. Centralized exchanges participate directly in the market by "abolishing" trading. They maintain a digital order book, which is usually a list of open buy and sell orders consisting of volume and price. They match buyers and sellers and announce the current market price based on the last price at which the asset was sold. Usually, these centralized exchanges offer additional services, such as the storage of crypto assets. They typically require users to deposit their crypto assets into an exchange before trades can be placed.

- Decentralized Exchanges (Peer-to-Peer)

Decentralized platforms are non-custodial, meaning that users remain in control of their own private keys while trading on the DEX platform. In the absence of a central authority, DEXs use self-executing smart contracts under certain conditions and record every transaction on the blockchain. These reliable and secure transactions represent an accelerating segment of the digital asset market and are at the forefront of new financial products. DEX platforms take a different approach to facilitating the trading of digital assets. Instead of using an intermediary organization to remove transactions, DEXs leverage the functionality of self-executing smart contracts. In the absence of intermediaries, DEXs adopt a non-custodial framework where we can exercise control over our own private keys and cryptocurrency funds.
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