How do Crypto Exchanges Work?

How do Crypto Exchanges Work

A cryptocurrency exchange allows you to trade one cryptocurrency for another, or you can exchange fiat for cryptocurrency.

They publish different exchange rates for each trading pair, either its crypto-to -crypto or fiat-to-crypto. They can buy or sell the orders in the exchange’s order book. This also acts as an intermediary between people who wants to buy or sell cryptocurrencies.

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