A cryptocurrency exchange platform or digital currency exchange (DCE) platform is an exchange where we can buy or sell cryptocurrencies in online platform. So, users can trade them using electronic monetary units, fiat currencies, or other digital assets. Dollars, euros, pounds, yen, and yuan, for example, are fiat currencies, Digital assets are any assets that exist electronically, such as domain names, files, virtual property, or digitalcurrency.
Different Cryptocurrency Exchange Types
Cryptocurrency exchanges are online platforms where traders can exchange one cryptocurrency for a fiat currency or another cryptocurrency. In other words, it is either like a currency exchange at a bank or airport or a stock exchange.
Below are the definitions of the most common types of exchanges:
Direct Trading Platform
This type of platform offers P2Ps trading between sellers and buyets. In other words, buyers and sellers deal directly and not through an exchange platform.
There is no fixed market price in this type of trade. Sellers typically set their own exchange rates.
Traditional cryptocurrency exchange
These are similar to a traditional stock exchange. Buyers and sellers base their trade on the current cryptocurrencies’ market price. The exchange, therefore, plays the role of intermediary.
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Salient Features of Cryptocurrency Exchange Platform
Trade Pair Management
Organize Risk Management
Post Buy/Sell Ads
Currency and Language Settings
Two Factor Authentication
Salient Features of our Crypto Exchange Platform
Order Book with Matching Engine
Customer Management System
System for KYC/Verification
Wallet Management System
Block Confirmation tracking
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