Centralized exchanges (CEXs) are organizations that coordinate cryptocurrency trading on a large scale , using a similar business model to traditional asset exchanges like stock exchanges. Exchanges are essentially marketplaces.
Read moreWhat is the main benefit of Decentralised exchanges over Centralised exchanges?
Decentralized exchanges differ from centralized exchanges as they enable users to remain in control of their funds by operating their critical functions on the blockchain : they leverage the technology behind cryptocurrencies themselves to enable a safer and more transparent trading.
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