Terms related to cryptocurrency exchanges, including CEX, DEX, orders, order books, liquidity, maker, taker, fees and other concepts.

Decentralized Exchange

A blockchain-based exchange using smart contracts.

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KYC

Customer identification and identity verification.

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Deposit Address

An address used to send cryptocurrency to an exchange.

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Maker

A participant who adds liquidity to the order book.

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Proof of Reserves

A method for demonstrating exchange asset reserves.

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Crypto Exchange

A platform for trading and exchanging crypto assets.

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Centralized Exchange

An exchange operated and managed by a central organization.

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Exchange Account

A user account on a cryptocurrency exchange.

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Exchange Wallet

A wallet infrastructure used by a crypto exchange.

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Deposit

Adding funds to a cryptocurrency exchange.

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Trading Fee

The fee charged for executing a trading operation.

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Taker

A participant who removes liquidity from the order book.

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Order Matching

The process of matching buyers with sellers.

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Matching Engine

The software system that matches exchange orders.

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AML

Controls designed to prevent money laundering.

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Exchange Liquidity

The ability to execute trades with limited price impact.

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