RSS Feed/News How does a Cryptocurrency Exchange Work?

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Here's a bullet-point summary of how a cryptocurrency exchange works:

1. User Registration: Users sign up and verify their identity (mainly on CEXs).
2. Wallet Setup: Users deposit crypto or fiat into their exchange wallet.
3. Placing Orders: Users place buy/sell orders for specific cryptocurrencies.
4. Order Matching: The exchange's engine matches buy and sell orders based on price and time.
5. Trade Execution: Once matched, the trade is executed and...

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