#OrderTypes101

CEX is short for "Centralized Exchange." These platforms are the most common method for trading cryptocurrencies, acting as a trusted intermediary between buyers and sellers. Unlike decentralized exchanges (DEXs), CEXs have a central authority that manages trades, holds user assets, and provides a range of additional services.

How do CEXs work?

When using a CEX platform, users deposit their cryptocurrencies or fiat currencies (such as the dollar or euro) into their accounts on the platform. The platform then holds these assets and allows users to trade them for various currency pairs. All transactions take place within the platform itself, where buy and sell orders are matched and trades are executed.

Examples of CEX platforms:

Some of the most popular CEX platforms in the world include Binance, Coinbase, Kraken, KuCoin, and Bybit. c.

$BTC