The word "centralized" means having control or power concentrated in a single authority or location, rather than being spread out or decentralized. Full definition
This way, it will be possible to combine the performance of centralized exchanges with the security of decentralized exchanges. (the-blockchain.com)
While numerous crypto exchanges are offering their services, the pitfalls of centralized systems plus the often unfair trading fees, arbitrary rules and security threats add considerable risk for users. (coinnewsasia.com)
It wasn't the first or the last hack, and this danger is always present for centralized exchanges. (investinblockchain.com)