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  1. […] Centralized exchanges (CEXs) are custodial platforms that hold funds on behalf of users and provide order books, account logins, and customer support. They may offer easier onboarding but list fewer niche tokens. […]

  2. […] exchange (DEX) liquidity pools, where users deposit pairs of tokens to enable swaps, or through centralized exchange listings that offer order-book trading. Thin liquidity can result in higher price volatility and […]

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