Centralized exchange (CEX)

Crypto 101
Moderate

A platform where users can buy, sell, and trade cryptocurrencies. Unlike decentralized exchanges, CEXs are managed by a central organization, which provides services like security, user accounts, and customer support but requires users to trust the platform with their funds.

Highlights
  • A cryptocurrency trading platform operated by a central entity. 

  • Provides high liquidity, security features, and fiat on and off ramps.