Cryptocurrency trading and investments have become extremely popular in the last few years. While Bitcoin was invented in 2009, a decade later more than 5000 cryptocurrencies exist in the market today. With the rise in popularity of digital currencies, the supportive infrastructure for the crypto industry has also scaled. One of the infrastructures supporting the activity for crypto trading is cryptocurrency exchanges.
There are more than 300 centralized cryptocurrency exchanges, also known as CEX, that are operational in the crypto industry. Decentralized exchanges, commonly known as DEX, are the latest entry in the crypto industry.
We are going to explore the basic features of CEX and DEX as well as the key differences and benefits of both these models.
Read more in the NOWPayments blog.