What is a centralized crypto exchange (Cex)?

A centralized crypto exchange (CEX) is a platform where you can trade cryptocurrencies. The exchange acts as an intermediary between buyers and sellers, matching up trades in a centralized orderbook.

What are cexs and how do they work?

CEXs generally offer supplementary services, such as crypto asset custody. They often require that users deposit their crypto assets at the exchange before trading can happen. Exchanges are the most valuable businesses in the crypto world, according to a 2021 report by global accountancy KPMG.

Is Cex Io a good cryptocurrency exchange?

CEX.IO is also regularly expanding the list of cryptocurrencies. Still, every cryptocurrency has to pass a thorough verification to be listed. Our due diligence and concerns about the quality of the service pay off. Now, we are moving forward to achieve the status of the best cryptocurrency exchange.

What is the difference between a Cex and a Dex transaction?

Execution: transactions made through a CEX go through the exchange’s systems. This system is in charge of matching buy and sell orders with the same price. DEX transactions, on the other hand, are executed automatically based on the parameters established by the smart contracts that power the exchange.