Centralized cryptocurrency exchange (CEX): what is it and how does it work? 🔍

Centralized Exchange (CEX) is a middleman between buyers and sellers of digital assets 🏢. Something like banks in the crypto world. An organization with its own rules.

What is CEX and its main features 🚀

CEX is a cryptocurrency exchange platform on the internet. Everything goes through them. All infrastructure is under their control.

These exchanges are interesting:

• Token Selection 📋: They decide what to list themselves. They evaluate in their own way.
• Liquidity 💧: Often the market makers themselves. Orders are executed quickly.
• Transaction Records 📝: Everything is recorded on the blockchain. Total order.

How it all spins 🔄

Clients place orders. The exchange processes them. It matches buyers and sellers. When supply and demand do not align, it seems the exchange intervenes. Buys. Sells. Balances the market 📊.

What they do 🌐

Data. A sea of transaction data. A treasure trove for analysts. Sometimes access is free. Sometimes it's paid.

Token listings are not done just like that. They are checked. Evaluated. There is some protection for traders 🛡️.

And you know what? Despite the "centralization", users have their own wallets. Asset control is in the hands of the people. They only transfer to the exchange for trading.

Commissions. Can't do without them. For trading. For data. Exchanges have to survive somehow 💰.

Rules and Security 📜

KYC. AML. CTF. Complex abbreviations of simple things — customer verification, combating money laundering, countering terrorism.

Market manipulation? They won't allow it. Price distortion? Neither. Transactions are fast, processes are transparent. A good CEX is a reliable CEX 🔒.

Final 🌕

CEX is the foundation of the crypto market. Security. Efficiency. As of October 2025, they are the leaders in trading volume. Although the world of crypto is unpredictable. Everything can change.

Understanding CEX is important. It's like the alphabet of the crypto world. The foundation of foundations 🔥.