CRYPTO GLOSSARY · FINANCE

What is CEX?

Centralized Exchange operated by a company.

📖 Full Definition

A CEX (Centralized Exchange) is a cryptocurrency trading platform operated by a central authority. CEXs hold user funds in custody and offer higher liquidity, fiat onramps, and customer support compared to DEXs.

💡 Example

Binance, Coinbase, and Kraken are major centralized exchanges.

🔗 Related Terms

DEX

Decentralized Exchange for peer-to-peer trading.

KYC

Know Your Customer identity verification.

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