What is a CEX?

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• Crypto exchanges are platforms that facilitate buying and trading of crypto, token staking and swaps as well as trading services.
• CEX is an acronym that means 'centralized exchange'.

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Backpack Exchange is a CEX (centralized exchange).

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What regulation do CEXs follow?

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CEX’s are typically compliant with crypto regulation in all jurisdictions they operate in starting with rigorous KYC requirements.

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• Once users are verified they can use tools like margin and leverage trading, limit orders, lending and other trading functions.
• Many CEX’s allow users to purchase crypto with traditional currencies like the USD, Euro and many more.
• Backpack Exchange is a regulated CEX that is optimized for beginner users alongside a suite of tools for advanced traders.

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What do CEXs do?

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CEX’s also play a role as a secure marketplace where users can buy, sell and trade internally with other exchange users.

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• The CEX reserves provide liquidity so that transactions are immediate.
• Most CEX's charge a transaction fee for enabling instant transactions.

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Learn more about Backpack

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Exchange | Wallet | Twitter | Discord

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Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Backpack. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Backpack is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice.

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