Exchange (or Cryptocurrency exchange), What does it mean?

Exchange (or Cryptocurrency exchange) is a term used in the cryptocurrencies field. It is key to understand it in order to fully understand this world

Definition of Exchange (or Cryptocurrency exchange)

A digital marketplace where you can buy and sell cryptocurrency. Just like regular stock exchanges, the likes of Coinbase, Binance, Gemini and Bitstamp allow traders and investors to buy and sell — except that here they are trading cryptocurrencies. Unlike standard stock markets, cryptocurrency exchanges are online-only, open 24 hours a day, 7 days a week and international.

See more: Cryptonyms glossary