CEX

The Centralized Exchanges (CEXs) are a kind of the cryptocurrency exchange that is operated by the company that has owned it in a centralized manner. These exchanges most commonly facilitate the trades between the users by maintaining an order book which is a collection of the buy and sell orders that has been posted by individual traders. The orders are requests to purchase or sell a specific amount of certain cryptocurrency at a specific price. CEXs aggregate the orders from their users and use a special software that matches and executes the corresponding buy and sell orders.