What Are Crypto Exchanges And How Do They Work?
The size of the cryptocurrency market is now worth more than one trillion, witnessing a craze for digital currencies and decentralized finance. Every now and then hundreds and thousands of virtual currencies are cropping up. The curious segment of crypto investors thus need to know more about a proper platform which allows them to trade swiftly in various digital assets.
Just like traditional stock and commodities exchanges, cryptocurrency exchanges are also kinds of platforms that facilitate its participants to trade in different kinds of cryptocurrencies.
Especially after the fallout of leading crypto exchanges of the world, FTX and now the Binance-SEC saga, there is a high level of curiosity to understand more about these exchanges.
To help, Forbes Advisor India has prepared a detailed guide on cryptocurrency exchanges, how they function, their types, pros and cons and most importantly listed all the red flags to watch out that a cryptocurrency exchange might possess for a potential customer.
