Centralised

Centralised is a structure where decision-making and control are concentrated within a single authority or a select group. In the context of exchanges, this means that all transactions and user data are managed by the organization running the platform. Users rely on this central entity for security, transparency, and operational efficiency. While centralised systems can offer enhanced user experience and faster transactions, they also pose risks like censorship and single points of failure. This contrasts with decentralised systems, where control is distributed among multiple participants.