MAEXO

CEX (Centralized Exchange)

Glossary

Trading

CEX (Centralized Exchange)

An exchange operated by a company that holds custody of user funds.

Definition

In depth

Centralized exchanges (Coinbase, Kraken, Binance, Bitstamp) are companies that match orders, hold custody, and provide fiat on-ramps. They offer deep liquidity and easy UX but require KYC and carry counterparty risk — 'not your keys, not your coins'.

Related

Related terms

DEX (Decentralized Exchange)

An exchange that runs entirely on smart contracts, with no central operator.

KYC (Know Your Customer)

Identity verification required by regulated exchanges.

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