# What is a CEX A CEX (Centralized Exchange) is a crypto trading platform run by a company that acts as an intermediary between buyers and sellers.\ It manages users’ accounts, wallets, and order matching to make trading fast and convenient. When you trade on a CEX like Binance, Bybit, Bitget, KuCoin, MEXC, Coinbase, or Crypto.com, the exchange handles your trades for you — similar to how a bank processes transactions for its customers. CEXs are popular because they offer high liquidity, advanced trading tools, and easy access for most users, though your assets are technically held by the exchange while you trade. *** ### How It Works with Cede Hub While CEXs provide the trading infrastructure, Cede Hub builds on top of it to make campaigns organization and participation easy and rewarding. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.cedehub.io/faq/what-is-a-cex.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.