A crypto exchange is a place for trading in cryptocurrencies. Unlike the securities traded on stock exchanges, cryptocurrencies are not managed by national legal systems, and in most countries they are not subject to any statutory regulation. Only a few countries have banned trading and holding of cryptocurrencies, and these include Bangladesh, Bolivia, Ecuador, and Kyrgyzstan. Crypto exchange platforms make up the central part of the entire digital asset ecosystem, and are used for trading in Bitcoin and Altcoin, such as Ethereum, Litecoin, Cardano and Ripple. Most exchange platforms are centralized and are managed by a group of people who derive income from commissions and other services. They are not controlled by supervisory authorities, and this means that they are unaffected by politics, central banks, and fiscal policies.
At present there are hundreds of cryptocurrency exchange platforms, while they differ in terms of transactions, level of security, and listing advantages.