#订单类型解析 Centralized Exchanges

• Operation Method: A central organization is responsible for matching trades, users deposit funds into the exchange's wallet, and the exchange performs order matching and asset transfer during trading, such as Binance, Huobi, etc.

• Advantages: Good trading experience, user-friendly interface, strong trading depth, high liquidity, and a professional customer service team.

• Disadvantages: There is a risk of a single point of failure; if the exchange suffers a hacker attack, mismanagement, or other issues, user funds are at risk. At the same time, users must trust the exchange, and trading is greatly affected by regulation.