Exchange Listings
| Exchange | Type | Pair | Description | Link |
|---|---|---|---|---|
| Donaswap V2 | DEX | DONA/WBNB | Listed at Dex launch | Link |
| PancakeSwap V2 | DEX | DONA/WBNB | Launched at PCS | Link |
| Coinsbit | CEX | DONA/USDT | Moved from mUSDT => USDT. | Link |
A centralized exchange, often abbreviated as CEX, is a digital platform that facilitates the trading of various cryptocurrencies and digital assets. It serves as an intermediary between buyers and sellers, providing a marketplace where users can exchange their digital assets for others or for fiat currencies like USD, EUR, etc.
In a centralized exchange, all transactions and account management are handled by a central authority or entity. This entity acts as a custodian, holding users' funds in their accounts until they decide to trade or withdraw. This means that users do not have direct control over their private keys, as the exchange manages the wallets on their behalf.
Centralized exchanges offer a user-friendly interface, making it relatively easy for both novice and experienced traders to engage in cryptocurrency trading. They typically provide advanced features like market orders, limit orders, and chart analysis tools, allowing users to execute trades with precision.
However, because centralized exchanges manage user funds centrally, they are vulnerable to security breaches and hacking attempts. It's imperative for users to choose exchanges with robust security measures in place, such as two-factor authentication, cold storage of funds, and regular security audits.
Examples of well-known centralized exchanges include Binance, Coinbase, and Kraken. They play a pivotal role in the cryptocurrency ecosystem, providing liquidity and accessibility to a wide range of digital assets.