Exchange Rules

Definition ∞ Exchange rules are the operational guidelines and policies established by cryptocurrency exchanges to govern trading activities, user conduct, and platform functionality. These rules dictate aspects such as listing requirements for digital assets, trading pair availability, fee structures, and withdrawal limits. They also include compliance measures like Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, which are essential for regulatory adherence. Adherence to these rules is mandatory for all participants utilizing the exchange’s services.
Context ∞ News often reports on changes to exchange rules, which can significantly impact market access, liquidity, and regulatory standing for digital assets. Discussions frequently address the balance between user protection, market integrity, and innovation, especially as regulators worldwide increase their scrutiny of crypto platforms. The strictness and clarity of exchange rules play a crucial role in attracting institutional investors and promoting broader mainstream adoption. Non-compliance can lead to severe penalties or even delisting for certain assets.