Yes, as the Exchange 2010 extensions are executed on the server side, you're just connecting to that remote powershell instance from your local powershell client. It is possible to run Exchange Server ...
Microsoft is phasing out the use of Remote PowerShell for Exchange Online, and will block its use next year. Remote PowerShell for Exchange Online will get blocked starting on June 1, 2023, per a ...
Microsoft will remove the -Credential parameter from Exchange Online PowerShell by June 2026, forcing admins to adopt MFA.