Exchange Practices

Definition ∞ Exchange practices refer to the operational procedures and rules governing cryptocurrency trading platforms. These practices encompass a wide range of activities, including listing and delisting assets, managing order books, executing trades, handling customer deposits and withdrawals, and implementing security protocols. They also involve Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, fee structures, and dispute resolution processes. The integrity and fairness of exchange practices are crucial for maintaining market confidence and protecting users.
Context ∞ News often focuses on exchange practices in relation to regulatory scrutiny, market manipulation allegations, or user protection concerns. Debates frequently concern the transparency of trading algorithms, the fairness of listing criteria, and the adequacy of security measures against hacks. These practices significantly impact market liquidity, price discovery, and the overall perception of trustworthiness within the digital asset trading environment.