Definition ∞ An exchange platform serves as a digital marketplace enabling the trading of cryptocurrencies and other digital assets. These systems provide the infrastructure for users to buy, sell, or swap various digital currencies, often against fiat money or alternative cryptocurrencies. They incorporate order books, matching engines, and secure custody solutions for user holdings.
Context ∞ Regulatory bodies worldwide are intensifying their oversight of exchange platforms, addressing concerns related to consumer protection, anti-money laundering protocols, and market integrity. The operational security and stability of these platforms are under constant review, particularly following significant market events or breaches. Discussions frequently center on licensing requirements and cross-jurisdictional compliance.
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