CEX commonly refers to Centralized Exchanges, particularly in the context of cryptocurrency. These are online platforms that facilitate the buying, selling, and trading of cryptocurrencies. They act as intermediaries between buyers and sellers, providing a platform for order matching and often custody services for users' cryptocurrency holdings. CEXs typically require users to register and undergo KYC (Know Your Customer) verification. Examples include Coinbase, Binance, and Kraken.
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