What is a Centralized Exchange? Definition and example

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A CEX, short for Centralized Exchange, is an online platform used to buy, sell and trade cryptocurrencies. Its business model is the same as the stock exchanges and permits exchange among cryptos (including stablecoins), fiat currencies, and other pairs of digital assets.

The idea behind this concept is “centralization”; using a middleman or third party to make secure…

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Yanda

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Hybrid Finance protocol linking CeFi and DeFi