Try Quests to earn cryptoAlgo CEXs
Centralized Exchanges, or CEXs, are a widely used type of platform where crypto users can trade tokens. They are centralized in a way that a traditional exchange (for stocks or physical commodities) is centralized: a central intermediary (the exchange) is the trusted party that facilitates all transactions and ensures the safekeeping of balances (ideally, although in reality hacks are not uncommon)