Crypto 101: Centralized Exchange vs. Decentralized Exchange

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In light of recent crypto events, I think it can be helpful to better understand the difference between a centralized exchange or CEX and decentralized exchange or DEX. Both serve to facilitate cryptocurrency trading, but each is inherently different.

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Sphere Finance:

Dyson:

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#spherefinance
#dyson
#yieldfarming
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I wanted him to call it a cex so it sounds like he’s saying sex 😭

kiddkuru