Glossary: What is a Centralised Cryptocurrency Exchange?

Centralised cryptocurrency exchanges offer high liquidity and advanced tools, providing a secure, user-friendly platform for trading digital assets.

Cryptocurrency Connectivity Solutions Cryptocurrency connectivity solutions refer to services that provide secure, low-latency connections to cryptocurrency exchanges and trading platforms, essential for high-frequency trading operations. Explanation These solutions ensure rapid data transmission and reliable access to multiple exchanges, enabling traders to execute strategies with minimal delay. They are crucial for maintaining competitiveness in the fast-paced cryptocurrency market. Practical Example A trading firm implements cryptocurrency connectivity solutions to achieve direct, high-speed access to major exchanges, reducing latency and improving trade execution times. Centralised Cryptocurrency Exchange (CEX) What is a Centralised Cryptocurrency Exchange? A centralised cryptocurrency exchange (CEX) is a platform where digital assets are traded, managed by a central authority that oversees operations and ensures security. Explanation CEXs offer high liquidity, user-friendly interfaces, and advanced trading tools. However, users rely on the platform for asset security, which contrasts with decentralised alternatives. Practical Example A trader uses a centralised exchange like Binance to trade Bitcoin and Ethereum, benefiting from high liquidity and advanced market features.