Cryptocurrency Q&A
Is Binance a CEX exchange?
Is Binance a CEX exchange?
Bianca
Mon Jan 13 2025
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5 answers
1211
I am wondering if Binance is considered a CEX (Centralized Exchange) in the cryptocurrency world. I know that CEXs are platforms managed by a central authority, allowing users to buy, sell, and trade cryptocurrencies. Is Binance such an exchange?
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5 answers
GangnamGlitzGlamourGlory
Wed Jan 15 2025
In a centralized system, all transactions must undergo a specific process to be completed.
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amelia_harrison_architect
Wed Jan 15 2025
Centralized exchanges (CEXs) possess a distinctive characteristic which sets them apart.
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Elena
Wed Jan 15 2025
This key feature revolves around their centralized nature.
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BusanBeauty
Tue Jan 14 2025
This process necessitates the involvement of the CEX's systems and infrastructure.
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GwanghwamunGuardianAngelWingsBlessing
Tue Jan 14 2025
Binance, as a prominent example, operates in this manner. Transactions on Binance must pass through its centralized platform.
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