Central Authority:
CEX relies on a central entity to manage transactions, hold user funds, and maintain the order book, acting as an intermediary in the trading process.
User Verification:
Users typically undergo identity verification processes to comply with regulatory requirements, ensuring a secure and compliant trading environment.
Liquidity:
Centralized Exchanges often have higher liquidity compared to decentralized counterparts, allowing for efficient trading and price discovery.
Ease of Use:
CEX platforms usually offer intuitive user interfaces, making it easier for both beginners and experienced traders to execute transactions.
Fiat Integration:
Many CEX allow users to trade cryptocurrencies against traditional fiat currencies, facilitating a seamless entry and exit point for users.
Advanced Trading Features:
Centralized Exchanges often provide advanced trading features, including margin trading, futures contracts, and various order types to cater to diverse trading strategies.
Regulatory Compliance:
CEX platforms adhere to regulatory standards, providing a secure and regulated environment for users to engage in cryptocurrency trading.