The trade holds your personal keys, meaning they technically personal your crypto until you withdraw it. Comparable to traditional finance (TradFi) stock exchanges, CEXs are usually subject to government rules and licensing requirements. To open an account with a CEX, users are required to endure KYC (Know Your Customer) and AML (anti-money laundering) procedures. Given that a DEX conducts transactions on-chain, miners should validate these transactions earlier than including them to the block.… » weiterlesen