Cryptocurrency Exchanges
Crypto trading and exchange provide an easy way of investing and trading in the capital market by providing benefits like safety and security of information. Like stock exchanges, crypto exchanges encourage traders to buy, sell or invest in the market. There are three main types of crypto exchanges:
- Centralized Exchanges (CEXs) which possess a simple process on a smooth interface
- Decentralized exchanges (DEX) are free from any bank or authority governing them
- Hybrid Exchanges (HEX) are built on the positives of CEX and DEX.
Most crypto transactions take place through CEX. However, recently, the introduction of Ethereum has increased the chances of HEX development.