Centralised Exchanges are the lifeblood of crypto trading, making it easy to get in and out of trades or to HODL for long. Platforms like Binance, Bybit, Bitget, BingX, KuCoin, and MEXC are where the action happens, each of them bringing something of value to the table, whether deep liquidity or cool features.
Centralized exchanges are still contributing most trading volume in cryptocurrency market. Decentralized exchanges are falling behind with much considerable smaller trading volume and limited liquidity.
This is big advantage of Centralized Exchanges that makes them attractive as most favorite place to trade, and also consequent terrible practice of fund storage on CEX by many cryptocurrency users and traders.
Reminder: do not keep your money in online accounts.