Digital Commodity Exchanges

Definition ∞ Digital commodity exchanges are platforms where cryptocurrencies classified as commodities are traded. These exchanges facilitate the buying and selling of assets like Bitcoin or Ethereum. They provide a marketplace for price discovery and liquidity. Participants engage in spot trading or derivatives trading on these venues.
Context ∞ The regulatory landscape for digital commodity exchanges is a significant area of focus, particularly concerning the jurisdiction of bodies like the CFTC. There is ongoing debate about the appropriate level of oversight and consumer protection required for these platforms. News frequently covers regulatory proposals and enforcement actions aimed at ensuring fair and transparent trading practices on digital commodity exchanges.