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Exchange Platforms

Definition

Exchange platforms are digital marketplaces where users can buy, sell, or trade various digital assets, most commonly cryptocurrencies. These platforms provide the infrastructure for order matching, transaction settlement, and custody of assets, operating under centralized or decentralized models. They serve as primary conduits for market participation, influencing price discovery and liquidity within the digital asset ecosystem. The functionality and security of these platforms are critical for the overall health of the crypto market.