Cryptoasset Exchanges

Definition ∞ Cryptoasset exchanges are digital platforms where users can buy, sell, or trade cryptocurrencies and other digital assets. These platforms facilitate the conversion of fiat currency to digital assets and vice-versa, or the exchange of one digital asset for another. They serve as central hubs for liquidity and price discovery in the digital asset market. Exchanges play a fundamental role in the accessibility and functionality of the broader crypto ecosystem.
Context ∞ The regulatory oversight and security of cryptoasset exchanges are persistent topics in financial news and policy discussions. Concerns include consumer protection, market manipulation, and anti-money laundering compliance. Future trends point towards increased institutional participation, necessitating more robust regulatory frameworks and advanced security measures for these trading venues.