> ## Documentation Index
> Fetch the complete documentation index at: https://peak-docs.birdeye.so/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Centralized Exchange

> Terminology Glossary — centralized exchange terms with definitions, formulas, units, and source commands

Centralized exchange reserves, listings, and audit transparency.

***

### Proof of Reserves

On-chain verification of an exchange's claimed asset holdings.

```
Formula   Reserve Wallet Balances vs Claimed
Unit      USD / %
Example   $12B reserves, 102% coverage
```

**Related** · Trust Score, Reserve Audit

**Used in** · [`POR`](/docs/docs/core-concepts/commands/by-object/centralized-exchange#por-proof-of-reserves)

***

### Fee Structure / Tiers

Exchange's maker/taker fee schedule, often tiered by trading volume.

```
Unit      Schedule
Example   Maker: 0.1%, Taker: 0.15% (Tier 1)
```

**Related** · Trading Volume, Exchange Profile

**Used in** · [`SXA`](/docs/docs/core-concepts/commands/by-object/centralized-exchange#sxa-spot-cx-trading-analysis) · [`CXV`](/docs/docs/core-concepts/commands/by-object/centralized-exchange#cxv-exchange-overview)