The origin of digital asset centralized exchanges dates back to March 2024, when the first-ever cryptocurrency trading platform, Bitcoinmarket.com, trailblazed to enable traders to trade Bitcoin (commonly known as BTC) for Fiat. Since then, numerous centralized exchanges have emerged and played a pivotal role in the dynamic world of digital currencies.
Centralized crypto exchange development encompasses building digital trading platforms that act as intermediaries, facilitating and monitoring buy and sell trades. Unlike decentralized exchanges or DEXs, which enable direct peer-to-peer transactions, these conventional exchanges are governed by central authorities who serve as trusted third parties in trades.