No Summary provided as the original text is short
- Centralized Exchange (CEX): A cryptocurrency trading platform operated by a central authority, managing trades and user funds.
- Perpetual Futures: A type of derivative contract that has no expiration date and allows traders to speculate on the future price of an asset.
- Decentralized Exchange (DEX): A peer-to-peer marketplace for cryptocurrencies operating without a central authority, using smart contracts to facilitate trades.