Term
Centralized Exchange (CEX)
A custodial platform that matches orders and holds user funds.
Type:
exchange
custody
Also known as:
CEX
1
definition
Centralized exchanges provide fiat on/off-ramps, order books, and custody. They facilitate high liquidity but require trust and compliance (KYC/AML).
Related Terms
Cryptocurrency Exchange
→A platform that facilitates the buying, selling, and trading of cryptocurrencies. Exchanges can support crypto-to-crypto or crypto-to-fiat transactions and serve as crucial infrastructure in the digital asset ecosystem.
trading
exchange
Decentralized Exchange
→A decentralized exchange (DEX) is a platform that allows users to trade digital assets directly with each other, without the need for an intermediary, such as a brokerage or bank.
trading
exchange
All terms and definitions may update as the Cryptionary improves.
