What is the difference between centralize and decentralize trading?

[cryptomichael87]

What is centralize and decentralize trading? How a coin pass this steps.

[tornikejr]

Centralized exchange e.g. Binance is run by a profit-oriented company that gets revenue from their platform’s fee structures.
A decentralized exchange (Dex) is an exchange market that does not rely on a third-party service to hold the customer's funds. In decentralized exchange trades occur directly between users peer to peer through a blockchain, this way you are entrusting a system of hundreds of independent nodes instead of a single centralized entity.