Cryptocurrency exchanges are online platforms where users can trade digital assets for other cryptocurrencies or traditional fiat currencies. These platforms serve as vital intermediaries, providing liquidity and price discovery mechanisms for the broader crypto market. They facilitate the buying, selling, and storage of various digital tokens, often acting as a primary gateway for new participants.
Context
News about cryptocurrency exchanges often focuses on regulatory scrutiny, security breaches, or changes in trading fees and supported assets. Their operational stability and adherence to financial regulations are critical indicators for market health and investor protection. Debates surrounding centralized versus decentralized exchanges highlight differing approaches to user control and platform oversight.
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