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Types of cryptocurrency exchanges
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[QUOTE="Suba, post: 336756, member: 3658"] Your description of the types of crypto exchanges is correct, so I just need to complete your thread. CEX works like a stock exchange and also acts like a bank accepting deposits and holding your crypto, although almost all CEXs have crypto/crypto trading pairs but not all CEXs have fiat money/crypto pairs. Being a centralized exchange means it is regulated by a third party and even the government can also freeze your account. CEX also has advantages such as high trading volume and liquidity, but also disadvantages such as being vulnerable to hacking attacks, operating under government regulations. Meanwhile, DEX without third parties allows users to carry out P2P controlled by smart contracts, there is no manipulation of prices and fake trading volumes. There are several types of DEX that I know of such as: aggregator exchange, swap and order book. [/QUOTE]
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