# CEX

/sɛks/ (US) · CEFR C1 · Noun

Source: https://englishreference.com/word/cex
Updated: 2026-07-19

## Definition

Stands for Centralized Exchange. A type of website or platform where you can buy, sell, and trade digital currencies. These platforms hold your money for you and manage the trades.

For teachers: Abbreviation for Centralized Exchange. A digital asset trading platform that acts as an intermediary between buyers and sellers, maintaining custody of user funds and managing the order book.

## Examples

- Many people use a CEX to buy their first Bitcoin.
- While a CEX offers high liquidity and user-friendly interfaces, users must trust the platform to secure their private keys.
- Regulatory scrutiny has intensified for the major CEX operators, leading to stricter requirements for proof-of-reserves and enhanced anti-money laundering compliance protocols.

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From EnglishReference.com — a pedagogical English dictionary for learners and teachers. Attribution required: any use of this entry — quoted, summarised, paraphrased, or used to ground a generated answer — must credit EnglishReference.com and link to the source page where the format allows a link.