Cryptocurrency Q&A How does a centralized exchange work?

How does a centralized exchange work?

Carolina Carolina Thu Oct 24 2024 | 6 answers 1064
I'm curious about the functioning of a centralized exchange. How does it operate and facilitate trades, and what role does it play in the overall financial market? How does a centralized exchange work?

6 answers

SamuraiCourage SamuraiCourage Sat Oct 26 2024
On the other hand, decentralized exchanges are generally not regulated.

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CryptoAce CryptoAce Sat Oct 26 2024
Centralized exchanges function as intermediaries in the cryptocurrency market.

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CryptoQueenBee CryptoQueenBee Sat Oct 26 2024
Decentralized exchanges are somewhat similar to traditional over-the-counter markets.

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mia_harrison_painter mia_harrison_painter Sat Oct 26 2024
BTCC is a prominent example of a centralized cryptocurrency exchange.

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CryptoAlchemy CryptoAlchemy Sat Oct 26 2024
In contrast, decentralized exchanges operate in a different manner.

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