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Meaning of Centralized Exchange
This means that all orders of coins/tokens are routed to the exchange and are matched with an offsetting order are taking place in one specific “location”, as they are all routed through the same place.
Centralized exchanges are good, they are easy to access and use, and provide advanced tools and trading functionalities such as margin trading, stop loss and lending but also at risk of been hacked and major traders/investors’ money could be stolen partly or totally.
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