What is a Crypto Exchange and How Do They Work?

A crypto exchange is a digital marketplace that enables users to buy, sell, and trade cryptocurrencies. These exchanges are the foundation of the crypto economy, providing the infrastructure wanted for individuals and institutions to participate on the planet of digital assets. A lot like a traditional stock exchange, a crypto exchange connects buyers and sellers and facilitates the exchange of 1 asset for another. However, unlike traditional exchanges that deal with stocks, bonds, or commodities, crypto exchanges operate on the planet of blockchain technology and digital currencies, comparable to Bitcoin, Ethereum, and many others.Types of Crypto ExchangesThere are several types…