What is a Centralized Cryptocurrency Exchange (CEX)?

A cryptocurrency trading platform is an online trading platform where cryptocurrencies and fiat money can be traded.

Centralized means that the trading platform is operated by a specific entity that maintains full control over it.

Most cryptocurrency trading platforms only allow cryptocurrencies to be traded.

However, the larger ones also allow cryptocurrencies to be traded against fiat currencies

The most popular central trading platforms are:

Binance#Binance