Cryptocurrency Q&A Is Binance a CEX or Dex?

Is Binance a CEX or Dex?

EthereumEmpireGuard EthereumEmpireGuard Wed Aug 21 2024 | 6 answers 1347
Excuse me, could you please clarify for me whether Binance is classified as a Centralized Exchange (CEX) or a Decentralized Exchange (DEX)? I understand that the distinction between the two is important in terms of their operational structures, security measures, and levels of control over user funds. Binance is a highly reputable platform in the cryptocurrency space, so I'm curious to know which category it falls under. Could you please elaborate on this for me? Is Binance a CEX or Dex?

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