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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.