Now lets define first what is the meaning of Decentralized Market and Centralized Market

What is Decentralized Market?
- A decentralized market is a market structure that consists of a network of various technical devices that enable investors to create a marketplace without a centralized location. In a decentralized market, technology provides investors with access to various bid/ask prices and makes it possible for them to deal directly with other investors/dealers rather than with a given exchange.

What is Centralized Market?
- A centralized market is a financial market structure that consists of having all orders routed to one central exchange with no other competing market. The quoted prices of the various securities listed on the exchange represent the only price that is available to investors seeking to buy or sell the specific asset.

Now lets talk about the difference of Decentralized Market vs Centralized Market
- Centralized Market is controlled by a central server, while the Decentralized Market is no central server, peer-to-peer decentralized exchange protocol.
- Centralized Market is easy even for beginners, while the Decentralized Market is not user-friendly; too technical even for intermediate or advance user.
- Centralized Market offers advance trading feature, while Decentralized Market offers basic trading features.
- Centralized Market required; higher transaction fee, while Decentralized Market offers basic trading features.
- Centralized Market not anonymous, while Decentralized is anonymous.
- Centralized Market Slower; at risk for server downtimes, while faster; lesser risk for server downtimes.
- Centralized Market single point of entry; susceptible to malicious attacks, while Decentralized Market is multiple points of entry; lesser chances of malicious attack.
- Centralized Market users potentially held legally accountable if issue occur. While Decentralized is accountability is not as apparent as the code could be considered law.