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.

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]

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

External links[edit]

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[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.

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