Cryptocurrency Q&A
Is Binance a CEX exchange?
Is Binance a CEX exchange?
Bianca
Mon Jan 13 2025
|
5 answers
1211
I am wondering if Binance is considered a CEX (Centralized Exchange) in the cryptocurrency world. I know that CEXs are platforms managed by a central authority, allowing users to buy, sell, and trade cryptocurrencies. Is Binance such an exchange?
5 answers
GangnamGlitzGlamourGlory
Wed Jan 15 2025
In a centralized system, all transactions must undergo a specific process to be completed.
Was this helpful?
389
45
amelia_harrison_architect
Wed Jan 15 2025
Centralized exchanges (CEXs) possess a distinctive characteristic which sets them apart.
Was this helpful?
151
57
Elena
Wed Jan 15 2025
This key feature revolves around their centralized nature.
Was this helpful?
217
52
BusanBeauty
Tue Jan 14 2025
This process necessitates the involvement of the CEX's systems and infrastructure.
Was this helpful?
56
64
GwanghwamunGuardianAngelWingsBlessing
Tue Jan 14 2025
Binance, as a prominent example, operates in this manner. Transactions on Binance must pass through its centralized platform.
Was this helpful?
398
61
