#CEXvsDEX101 Exchange), or centralized exchange, is a virtual platform where the buying, selling, and exchanging of, in this case, cryptocurrencies, tokens, and even NFTs, takes place. In this case, the CEX belongs to a company, which manages the funds of its users, providing greater trust for the clients it works with.

Cybersecurity

A fundamental point that CEXs must safeguard is cybersecurity, as being centralized, they can suffer attacks that could deplete the funds.