Types of Crypto Exchanges Explained: CEX, DEX, P2P and More
Key Takeaways •The main types of crypto exchanges are centralized, decentralized, hybrid, P2P, instant swap, and OTC platforms. •Centralized exchanges simplify trading but retain control over deposited assets and user accounts. •Decentralized exchanges support self-custody but require users to protect their wallets and private keys. •AMM DEXs use liquidity pools, while perpetual DEXs provide order […]