Users can trade bitcoins on systems known as centralized exchanges (CEX). Bitfinex, Binance, Coinbase, and Kraken are a few well-known CEXs. Although these exchanges are well-known for being highly liquid and user-friendly, consumers must have faith in the exchange before they can deposit money on it. On these platforms, users have the option to trade both fiat money and a variety of cryptocurrencies. Clarisco is a firm that develops centralized exchanges, and Cex is a crucial component of the cryptocurrency ecosystem.
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