Exchange
A venue for trading assets. A centralised exchange holds customer funds and matches orders on its own systems; a decentralised exchange settles trades through smart contracts with users keeping custody.
Also called CEX · DEX · centralised exchange · decentralised exchange
A venue for trading assets. A centralised exchange holds customer funds and matches orders on its own systems; a decentralised exchange settles trades through smart contracts with users keeping custody.
Why it matters
Balances on a centralised exchange are a claim on that company, as several failures have demonstrated.
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