Cryptocurrency Q&A
Is CeX a crypto exchange?
Is CeX a crypto exchange?
HanRiverVision
Sun Sep 08 2024
|
7 answers
1557
Excuse me, could you please clarify if CeX is indeed a cryptocurrency exchange platform? I've heard of various platforms in the market, but I'm particularly interested in knowing if CeX specializes in the buying, selling, and trading of digital currencies like Bitcoin, Ethereum, and others. Additionally, could you also elaborate on the services CeX offers, if it's indeed a crypto exchange, and how it differs from other similar platforms in the industry?
7 answers
SumoMighty
Tue Sep 10 2024
Acting as a conduit between buyers and sellers, CEX platforms facilitate transactions by maintaining an order book that logs all trade requests.
Was this helpful?
152
95
ChristopherWilson
Tue Sep 10 2024
This order book comprises bids from buyers willing to purchase cryptocurrencies at specified prices and offers from sellers looking to sell their holdings at certain rates.
Was this helpful?
72
73
EthereumLegend
Tue Sep 10 2024
The essence of CEXs lies in their ability to match these buy and sell orders efficiently, ensuring liquidity and enabling seamless trades.
Was this helpful?
274
59
Riccardo
Tue Sep 10 2024
As intermediaries, CEXs often play a custodial role, holding users' funds and cryptocurrencies in escrow until transactions are completed.
Was this helpful?
369
28
CosmicDream
Tue Sep 10 2024
A centralized exchange, or CEX, is a pivotal infrastructure in the cryptocurrency landscape.
Was this helpful?
317
78
Load 5 more related questions
