Cryptocurrency Exchange

A service, typically a website or application, that allows people to exchange cryptocurrencies with one another. In some cases, cryptocurrency exchanges also allow you to trade cryptocurrencies for fiat currency.

Cryptocurrency exchanges operate similarly to stock exchanges and the prices of cryptocurrencies at any given moment are determined on these platforms.

EXAMPLE USAGE:

I just traded some Bitcoin for Ethereum on a cryptocurrency exchange.

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James C.
Posted on July 10th, 2018