What is a centralized exchange in crypto?

In the context of cryptocurrencies, a centralized exchange (CEX) is a website that is managed by a single entity that allows users to trade digital assets. Order matching, asset custody, and user funds are all managed by it. CEXs usually follow rules and have easy-to-use interfaces. Two instances are Binance and Coinbase. CEXs raise issues including security holes and the potential for exchange operator fraud, even if they are useful. Contact us; we are a centralized exchange development company, and we will be happy to assist you.
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