Introduction? Centralized Cryptocurrency Exchanges (CEX) are platforms that facilitate the buying, selling, and trading of cryptocurrencies. These exchanges operate under a centralized authority, meaning a company or organization manages and oversees the transactions, user accounts, and security protocols. Centralized exchanges are popular because of their user-friendly interfaces, high liquidity, and support for a wide range of trading pairs.
This article will explore centralized exchanges in detail, including their features, benefits, examples, and how they differ from decentralized exchanges (DEX).