All that being said, the world of cryptocurrency is still a very intriguing sector to study, and even more intriguing to participate in. To understand how do cryptocurrency exchanges work completely, you need to have a background knowledge of these things.
With every currency comes a need to trade it. Whether it be for profit or for obtaining some other useful currency, trading has always been associated with currencies and is more commonly called by the concept known as forex (foreign exchange).
Understanding the basic of trading, too, will help one to understand how do cryptocurrency exchanges work. Trading can also occur between fiat and cryptocurrency, that is not a problem. But the very nature of cryptocurrencies asks for a special platform to trade them, something different, built just to honor the very legacy that cryptocurrencies stand for.
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