Centralized Exchanges | Vibepedia

Centralized exchanges (CEXs) are online platforms that facilitate the buying and selling of cryptocurrencies, acting as intermediaries between buyers and sellers. They are the most common type of exchange, with popular examples including Binance, Coinbase, and Kraken. Despite their dominance, CEXs have faced criticism for their role in market volatility and security risks, with some advocating for decentralized alternatives like Uniswap and SushiSwap.