A cryptocurrency exchange is a digital platform that facilitates the trading of various cryptocurrencies. It acts as an intermediary where users can buy, sell or trade various cryptocurrencies using traditional fiat currencies like USD, Euro, or other cryptocurrencies like Bitcoin, Ethereum and others. Cryptocurrency exchanges provide a marketplace for users to trade these digital assets, and they come in different types, including centralized exchanges (CEX) and decentralized exchanges (DEX). Centralized exchanges are operated by centralized entities and often provide user-friendly interfaces, while decentralized exchanges operate without a central authority and allow users to retain control of their private keys and funds.
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