The most popular CEX’es

The most popular centralized exchanges (CEX) by market capitalization are Binance, Huobi, Crypto.com, OKB, and Woo Network Token[2]. These exchanges are known for their high trading volumes, user-friendly interfaces, and security measures. Binance, for instance, is one of the largest and most popular centralized exchanges in the world, with a market capitalization of over $40 billion[2]. Huobi, another major player in the centralized exchange market, has a market capitalization of over $4 billion and offers a range of services like trading, staking, and lending[2]. Crypto.com, with a market capitalization of over $2 billion, is known for its Visa card that allows users to spend their cryptocurrency at over 60 million merchants worldwide[2]. OKB, also with a market capitalization of over $2 billion, is the native token of OKEx, one of the largest centralized exchanges in the world[2]. Woo Network Token, a relatively new addition to the CEX token market, is the native token of the Woo Network, a decentralized exchange that aims to provide users with fast and secure trading options[2].

These exchanges are popular due to their high liquidity, user-friendly interfaces, and security measures[2][4]. They offer intuitive interfaces that are easier for beginners to navigate and provide enhanced security measures, although not impervious to hacks[4]. Centralized exchanges also adhere to financial regulations, offering a sense of trust and legitimacy[4]. However, they also have downsides such as security risks, control over funds, higher fees, and potential downtime[4].

In summary, the most popular centralized exchanges by market capitalization are Binance, Huobi, Crypto.com, OKB, and Woo Network Token. These exchanges are known for their high trading volumes, user-friendly interfaces, and security measures. However, they also have downsides such as security risks, control over funds, higher fees, and potential downtime.

Citations:
[1] https://www.coingecko.com/en/categories/centralized-exchange-token-cex
[2] https://trakx.io/resources/insights/5-centralized-exchange-tokens-you-should-know-about/
[3] https://www.coingecko.com/research/publications/centralized-crypto-exchanges-market-share
[4] https://swissmoney.com/centralized-vs-decentralized-crypto-exchanges/
[5] https://money.com/best-crypto-exchanges/