Feature | Centralized Exchange (CEX) | Decentralized Exchange (DEX) |
Listing Cost | High (can be $100K+) | Low or free |
Liquidity | High | Depends on liquidity pool |
Security | More secure but custodial | Non-custodial, but risk of rug pulls |
Regulations | Strict compliance | No regulations (yet) |
User Experience | Easy & beginner-friendly | Requires DeFi knowledge |
Speed of Listing | Can take weeks/months | Instant listing |
Control Over Token | Exchange-controlled | Fully controlled by project |