CEXs, DEXs, and "On-Ramps" - Crypto Whiteboard 101

In and of itself, an exchange is nothing more than a mechanism through which different parties can trade one cryptocurrency for another. Although the concept itself is simple, acronyms such as CEX and DEX and terms like “on-ramp” might be confusing for beginners. In this article, I'd like to provide a very brief overview of the different kinds of cryptocurrency exchanges, how they function, and some of the differences between them.

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