[ Definition ]

CEX

A centralised exchange, a company that holds customer funds and matches trades. Convenient, but a counterparty you must trust.

Part of the Stack and Story crypto glossary: plain-English definitions of the terms that actually move markets, each with the deeper read one click away.

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Basis tradeBitcoin dominanceCold storageDeFiDEXFunding rateGas feeHalvingLayer 1 (L1)Layer 2 (L2)LiquidityMarket capitalisationNot your keys, not your coinsOn-chainRollupSeed phraseSelf-custodySlippageSpot ETFStablecoinTotal value locked (TVL)

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