How is a DEX different from a centralized exchange (CEX)?

Decentralized exchanges (DEXs) like Stabull and centralized exchanges (CEXs) differ in several key aspects—

-Centralized exchanges (CEXs) are operated by a central entity or organization, which manages the exchange, holds custody of users’ funds, and executes trades on behalf of users.

-Decentralized exchanges (DEXs), on the other hand, operate on decentralized networks such as blockchain technology. They facilitate peer-to-peer (P2P) trading through smart contracts or other decentralized protocols, without the need for a central authority to manage trades or custody of funds.