Crypto exchange

A crypto exchange is a platform or marketplace where cryptocurrencies can be traded or exchanged for other cryptocurrencies or fiat currencies such as USD, EUR, or JPY. These exchanges facilitate the buying and selling of cryptocurrencies with a fee charged for each executed transaction. Crypto exchanges are necessary to provide liquidity to cryptocurrencies which are not widely accepted as a payment method. They help investors and traders to speculate on price movements and provide easy access to various cryptocurrencies. Additionally, they play a critical role in establishing the value of individual cryptocurrencies and contribute to the overall market cap of the cryptocurrency industry.