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Centralized exchange (CEX)
Crypto 101
Moderate
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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.