What is a CEX ?.
This is something new traders and even sometimes experienced traders do not understand. Well it's not very complex in any case. CEX stands for CENTRALISED EXCHANGE.
A centralized exchange is a platform owned and operated by a single entity acting as an intermediary between buyers and sellers. This middleman or third party helps conduct transactions by providing liquidity for supported tokens.
The centralized platform uses an order book system to establish#crypto prices like $BTC ,$BNB and more, much like a traditional bank does. Here, a user typically deposits funds into an account held by the #exchange , which acts as a custodian of those funds.
Users trust the platform to handle their funds fairly and securely. The crypto exchange matches buyers with sellers, or vice versa, and executes trades on their behalf.
