Centralized Exchange

CEX (Centralized Exchange) is a term used mostly by cryptocurrency activists against the term Decentralized exchange and it refers to cryptocurrency online exchange platforms that offer cryptocurrency exchanging services, in fact they are a trusted third party or middle man that help conduct transactions. Buyers and sellers trust this middle man to handle their assets.

## Contents

* 1 Differences Between Centralized and Decentralized Exchanges
* 2 List of CEXes
* 3 References
* 4 External links

## Differences Between Centralized and Decentralized Exchanges[edit]

Users trust the centralized exchange to hold their assets and convert it to other assets but Decentralized exchanges follow a different model called "trustless" whereas the middle man is cut off and transactions are done completely based on Smart contract as a peer-to-peer operation.[1]

## List of CEXes[edit]

Source: coinmarkcap.com list[2]

* Binance
* Houbi Gloal
* Coinbase
* Kraken
* Bitfinex
* Bithumb
* Kucoin
* Bitstamp
* Bittrex

## References[edit]

1. ↑ Reiff, Nathan. "What Are Centralized Cryptocurrency Exchanges?". Investopedia. Retrieved 2021-02-15.
2. ↑ "Top Cryptocurrency Exchanges Ranked By Volume". CoinMarketCap. Retrieved 2021-02-15.

## External links[edit]

Add External links

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