Cryptocurrency Exchanges: Digital Asset Trading Platforms What Are Cryptocurrency Exchanges?
Cryptocurrency exchanges serve as digital trading hubs, where individuals can swap crypto tokens for other digital currencies or even traditional fiat money. These platforms, owned privately, streamline the trading process, making it easier for users to buy, sell, and hold various cryptocurrencies.
Key Insights
Cryptocurrency exchanges are the primary mechanism for trading digital assets. These platforms can be categorized as either centralized or decentralized, each carrying its own benefits and drawbacks.