Cryptocurrency Exchange
A cryptocurrency exchange is a digital platform that allows users to buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and others. It functions as an intermediary, matching buyers and sellers, providing liquidity, and often offering additional services such as wallet storage, margin trading, and staking. These exchanges can be centralized (CEX) with a governing entity or decentralized (DEX) operating on blockchain protocols without intermediaries.
Developers should learn about cryptocurrency exchanges to build or integrate financial applications, trading bots, or blockchain-based services, as they are central to the crypto economy. This is crucial for roles in fintech, DeFi (Decentralized Finance), or when creating tools for market analysis, automated trading, or secure transaction handling. Understanding exchanges helps in implementing APIs for real-time data, managing user assets, and ensuring compliance with security standards.