Centralized Exchange (CEX)

A centralized crypto exchange is a platform that allows users to buy, sell, and exchange cryptocurrencies securely under the authority of a centralized entity. These platforms act as intermediaries, providing security, high liquidity, user-friendly designs, and high speed to users, allowing them to trade freely in a safe and secure environment.

One of the primary significances of the CEX platforms is that they act as guardians of users’ digital assets. Users can participate in trading activities without worrying about the safety of their assets. CEX platforms allow their users to store assets in cold wallets, keeping them away from the Internet.