Exchanges
Exchanges serve as the most common example of cryptocurrency usage today.
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Exchanges serve as the most common example of cryptocurrency usage today.
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Decentralized exchanges are crypto-native marketplaces that algorithmically determine the price between two or more assets. These exchanges use an automated market maker to instantly fill orders using a price defined by an algorithm.
Aggregators query all decentralized exchanges to find the best opportunity to trade assets.
Centralized exchanges define places tokens are traded and managed by a central order book, similar to traditional financial systems.
