LeoGlossary: Exchange

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Within the cryptocurrency realm, this is a website or application that allows one to load either fiat currency or cryptocurrency and engage in trading. Binance is the largest of such exchanges.

In the traditional financial sector, there are exchanges that trade in many different types of assets, including stocks, bonds, commodities and derivatives such as options. Some of these are the NYSE, NASDAQ, and CME.

Most exchanges are centralized. This is changing with cryptocurrency where decentralization is starting to become popular.

These are becoming known as DEX, short for Decentralized Exchange.


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