What is the definition of CEX in the context of cryptocurrency?

3 answers

• Dec 18, 2021 · 3 years ago
  CEX stands for Centralized Exchange. It refers to a type of cryptocurrency exchange that is operated by a central authority or organization. In a CEX, users can trade cryptocurrencies with each other and the exchange acts as an intermediary that facilitates the transactions. Examples of popular CEXs include Binance, Coinbase, and Kraken. CEXs are known for their ease of use and high liquidity, but they also come with certain drawbacks such as the need to trust the exchange with your funds and the potential for regulatory restrictions.
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• Dec 18, 2021 · 3 years ago
  CEX stands for Centralized Exchange. It's like the traditional stock exchange, but for cryptocurrencies. In a CEX, you can buy, sell, and trade cryptocurrencies using a centralized platform. The exchange holds your funds and matches your orders with other users. This type of exchange is popular because it offers high liquidity and a wide range of trading pairs. However, it also means that you have to trust the exchange with your funds and follow their rules and regulations.
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• Dec 18, 2021 · 3 years ago
  CEX, short for Centralized Exchange, is a type of cryptocurrency exchange where transactions are facilitated by a central authority. Unlike decentralized exchanges, which operate on blockchain technology and allow users to trade directly with each other, CEXs are operated by a company or organization. This centralized model offers advantages such as faster transaction speeds and higher trading volumes, but it also comes with certain risks, such as the potential for hacking or regulatory intervention. Popular CEXs include Binance, Coinbase, and Bitstamp.
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