Cryptocurrency exchanges - top facts you need to know
Crypto exchanges are your key to foray into the crypto investing and trading world. You can go old school and sign up with OTC dealers or brokers but just remember- crypto exchanges are especially designed for crypto activities. Thus, you will find a far better and more organized service with crypto exchanges than with other crypto trading platforms. Cryptocurrency exchanges are located all across the world. Most of the crypto exchanges accept users from other countries. As of 2022, there are 600+ cryptocurrency exchanges all across the globe. How does it work? Crypto exchanges are a platform from where you can purchase crypto for investment or trading. If you want to trade, the exchange will match you with the buyer/seller and execute the trade on behalf of the trading parties. The oldest form of crypto exchanges executes the trade with an order book. However, the newer ones, take the help of AMM (Automated Market Maker) protocol that is backed by smart contracts. The incorporati