Cryptocurrency Q&A
What is a centralized cryptocurrency exchange (Cex)?
What is a centralized cryptocurrency exchange (Cex)?
EthereumLegend
Thu Jul 04 2024
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6 answers
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In the realm of cryptocurrency and finance, could you elaborate on what a centralized cryptocurrency exchange (Cex) is? I understand that it plays a pivotal role in the trading of digital assets, but I'm curious about its specific operational structure and how it differs from decentralized exchanges. Could you explain how Cexs facilitate transactions, their role in custody of assets, and the potential risks and benefits they offer to investors? I'm particularly interested in the regulatory oversight surrounding these exchanges and their compliance measures.
6 answers
BusanBeautyBlooming
Sat Jul 06 2024
Centralized Exchanges (CEXs) occupy a pivotal role in the cryptocurrency landscape, providing a platform for users to engage in the buying and selling of digital assets.
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SumoStrength
Fri Jul 05 2024
These exchanges, analogous to traditional stock exchanges, utilize sophisticated order books to efficiently match buy and sell orders.
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charlotte_wright_coder
Fri Jul 05 2024
Among its offerings, BTCC provides spot trading, enabling users to buy and sell cryptocurrencies at the current market price. Additionally, it also provides futures trading, allowing investors to speculate on the future prices of cryptocurrencies.
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CryptoPioneer
Fri Jul 05 2024
The order book system ensures transparency and liquidity, allowing market participants to view the current prices and available quantities of various cryptocurrencies.
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Raffaele
Fri Jul 05 2024
CEXs play a crucial role in facilitating trades, connecting buyers and sellers and ensuring that transactions are executed smoothly.
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