Centralized (CEX) & Decentralized Exchanges (DEX)

Exchange Architecture & Operating Models — Technical comparison of how Centralized Exchanges (CEXs) function as custodial intermediaries managing user funds and order matching versus Decentralized Exchanges (DEXs) operating through blockchain-based smart contracts and Automated Market Makers (AMMs) for peer-to-peer trading

Regulatory Compliance & Legal Frameworks — Examination of KYC/AML requirements, jurisdictional obligations, and regulatory oversight for CEXs contrasted with the non-custodial, permissionless nature of DEXs and their evolving legal treatment across multiple regulatory environments. 

User Experience & Trading Features — Analysis of the trade-offs between CEX advantages (liquidity depth, advanced order types, customer support) and DEX benefits (24/7 access, self-custody of funds, censorship resistance, privacy considerations)

Security Risks & Operational Vulnerabilities — Comprehensive review of platform-specific threats including centralized exchange security breaches and insolvency risks versus decentralized protocol challenges such as smart contract exploits, slippage, and impermanent loss

Real-World Platform Analysis & Market Evolution — Case studies of major exchanges (Coinbase, Binance, Uniswap) and emerging hybrid models that combine elements of both systems, providing practical insight into current infrastructure and future trends in digital asset trading