All about the exchange

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When it is time for you to exchange tokens, where do you go to do this? Well, the decentralized exchange (DEX) and centralized exchange (CEX) are two major options. You can trade with random people, but finding the right person who wants to trade exactly what you want is nearly impossible to find. The explanations for these two types of exchanges are very simple. They are just a source you use to trade one token for another. Each blockchain has its own DEX and a list of tokens. Just because a token is on a certain blockchain doesn’t mean it will be listed on the DEX. Certain CEXs will have tokens listed from multiple chains.