What is a CEX Platform?
A CEX platform, or Centralized Exchange (CEX) platform, is an online marketplace where users can buy and sell cryptocurrencies. These exchanges are centralized in nature as they act as intermediaries between buyers and sellers. They employ a number of measures to protect user funds from malicious activity such as Know Your Customer (KYC) procedures for verifying the identity of traders, Anti Money Laundering (AML) policies to detect suspicious activities among traders, two-factor authentication protocol for additional security etc. Furthermore, these platforms offer various features like margin trading with leverage up to 5x/10x on some assets that allow traders to increase their returns by taking higher risks without putting more capital at stake. Additionally, most major crypto exchanges also provide advanced order types like limit orders which helps investors minimize risk while executing trades.
