Cryptocurrency Q&A
What is CEX in Binance?
What is CEX in Binance?
CryptoNerd
Wed Jan 01 2025
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7 answers
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I'm trying to understand the concept of CEX in Binance. I've heard this term being used a lot in the crypto world, but I'm not entirely sure what it means in the context of Binance. Could someone please explain?
7 answers
Lorenzo
Fri Jan 03 2025
A centralized exchange, or CEX, represents a traditional setup in the realm of cryptocurrency marketplaces.
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SumoPowerful
Fri Jan 03 2025
It operates akin to a conventional brokerage or stock market, providing a structured and regulated environment for digital currency transactions.
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ShintoMystic
Fri Jan 03 2025
In a CEX, the exchange itself acts as a third-party intermediary, facilitating interactions between buyers and sellers.
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Giuseppe
Fri Jan 03 2025
This setup ensures that traders have a reliable platform to execute their buy, sell, and trade orders for digital currencies.
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isabella_cole_psychologist
Thu Jan 02 2025
The CEX model offers security, liquidity, and convenience, making it a preferred choice for many cryptocurrency enthusiasts.
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