IndustryWhats best for trading CEX or DEX Theres no simple answer to that question for each has its advantages Centralized exchanges typically boast deeper liquidity faster order execution and are more accommodating to beginners Decentralized exchanges however are faster when it comes to onboarding and allow traders to swap thousands of ERC20 tokens instantly As a consequence regular traders are prone to using both CEX and DEX countering ones weaknesses with the others strengths