Glossary > Centralized exchange
A centralized exchange is a platform that facilitates cryptocurrency trades between users.
Users can use centralized exchanges to trade, buy, sell or deposit their cryptocurrencies.
Jurisdiction are gradually regulating centralized exchanges, which gives users more security against thefts and hacks. Centralized exchanges are also more secure when it comes to money laundering and terrorism financing as they have to meet strict AML/CFT policies depending on where they are located.