Definition ∞ Fair exchange denotes a transaction where all involved parties perceive equitable value and terms, conducted without coercion or deceptive practices. In digital asset markets, this implies transparent pricing, reasonable fees, and honest representation of assets. It supports market integrity and user confidence.
Context ∞ The pursuit of fair exchange is a recurring theme in discussions about digital asset markets and is frequently addressed in crypto news concerning market integrity. Regulatory bodies often focus on preventing market manipulation and ensuring transparent trading conditions to uphold this principle. Decentralized protocols often strive to achieve this through algorithmic mechanisms.
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