Definition ∞ A virtual asset exchange is a digital platform where users can buy, sell, or trade cryptocurrencies and other digital assets. These exchanges facilitate price discovery and transaction execution, often offering various trading pairs and services like custody. They serve as central marketplaces for the digital asset economy.
Context ∞ Virtual asset exchanges are central to the crypto news cycle, with their operational status, regulatory compliance, and security measures frequently reported. Recent events underscore the importance of choosing reputable exchanges that adhere to stringent security and regulatory standards. The evolving regulatory landscape continues to shape how these platforms operate globally.
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