Trading & Markets

Centralized Exchange (CEX)

Also: CEX, Exchange

A company-run platform, such as Coinbase or Binance, where you trade through an account and the exchange holds your assets. It is easy to use and liquid, but you rely on the company's honesty and security, and funds can be frozen or lost if it fails.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.