Cryptocurrency exchanges are platforms that allow traders to buy and sell cryptocurrencies. They are similar to traditional stocks, commodities or FOREX platforms, offering traders access to similar interfaces, tools and instruments. Most crypto exchanges offer additional specific cryptocurrency services, such as custody, staking or regular ones such as borrowing, lending or fixed term deposits.

Exchanges can either be “centralized” (CEX, such as Binance or Coinbase) where services are offered by specialized firms using traditional infrastructure, or “decentralized” (DEX, such as Uniswap) where services are running through blockchain smart contracts.

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