Blockchain Exchange

Definition ∞ A blockchain exchange is a platform that enables the trading of cryptocurrencies and other digital assets. These exchanges facilitate the conversion of one digital asset to another or digital assets to fiat currency. They operate on distributed ledger technology, ensuring transparency and immutability of transaction records. Such platforms are central to the digital asset economy.
Context ∞ Blockchain exchanges are consistently featured in crypto news, covering topics from new listing announcements to regulatory compliance challenges and security breaches. Their operational integrity and liquidity are key indicators of market health. The competitive landscape among these platforms influences trading fees, asset availability, and user experience for participants in the digital asset market.