Internet
cex
What does cex mean?
A Centralised Exchange is a company-run, custodial platform where users trade crypto through an order book; the operator holds the funds. Binance and Coinbase are examples.
"I keep trading funds on a CEX but move long-term holdings to cold storage."
Origin
Crypto term distinguishing custodial exchanges from decentralised ones.
Frequently asked questions
What is a CEX in crypto?
A CEX is a centralised exchange — a company-run, custodial platform where you trade crypto through an order book and the operator holds your funds.
What is the difference between a CEX and a DEX?
A CEX holds your funds and runs an order book, while a DEX lets you trade non-custodially straight from your own wallet via smart contracts.
What are examples of a CEX?
Binance and Coinbase are two of the largest centralised exchanges.
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