Centralized Exchange vs Market Maker
Quick comparison to help you distinguish these two crypto terms.
Centralized Exchange
beginner
fundamentals
A centralized exchange is a company-operated trading platform where users deposit funds into exchange-controlled accounts and trade through a managed order book under the platform's custody and control.
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intermediate
market_structure
A market maker is a participant who continuously posts both buy and sell orders on an exchange, providing liquidity so any trader can execute immediately.
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