What is a CEX?
Career: Cex
CEXs, or Centralized Exchanges, are online platforms where users can buy, sell, and trade cryptocurrencies through a centralized intermediary. These exchanges manage users' funds and facilitate transactions, providing an easy-to-use interface for beginners and advanced traders alike. Popular examples of CEXs include Binance, Coinbase, and Kraken. They typically offer high liquidity, a wide range of trading pairs, and additional features like staking or margin trading. However, users must trust the exchange with their funds and personal data, as the platform holds custody of assets.