Exchange
Author: Rubin
The platform through which buyers and sellers facilities a trade for cryptocurrency and other digital assets is termed Exchange. It operates with a brokerage and usually accepts all sorts of payment, be it a card or other form of electronic payment in exchange for digital assets.
Certainly a free is charged against the transaction. Exchange sends the digital assets of their clients' wallets, through a highly secured and encrypted way. Generally, exchanges can be classified into two categories i.e. centralized and decentralized.
A centralized exchange is the most preferred way of trading cryptocurrencies. In this system, the exchange itself acts as the middleman to ensure a seamless transaction between the parties.
Decentralized exchanges on the other hand operate without any central authority. This system includes platforms like IDEX and Curve Finance.
Subscribe to receive Alpha!
Join 4.3k subscribers from renowned companies worldwide and get a weekly update in your inbox. Stay updated on the latest and finest projects and product updates.