Centralized exchange

A centralized exchange is a platform owned and operated by a single entity acting as an intermediary between buyers and sellers

Ledger. “What Is a Centralized Cryptocurrency Exchange (CEX)? | Ledger.” Ledger, 16 June 2023, www.ledger.com/academy/topics/crypto/what-is-a-centralized-cryptocurrency-exchange-cex#:~:text=A%20centralized%20exchange%20is%20a,providing%20liquidity%20for%20supported%20tokens.