Term

Centralized Exchange (CEX)

A custodial platform that matches orders and holds user funds.

Type:

exchange

custody

Also known as:

CEX

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

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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

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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.