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Cryptocurrency Exchanges

Explore cryptocurrency exchanges, their role in trading crypto assets, and how to retrieve exchange information and icons through CoinAPI. Understand key API endpoints to list and filter exchanges to effectively track market data.

What are cryptocurrency exchanges?

Cryptocurrency exchanges are online platforms that help facilitate cryptocurrency trading for a service fee, and this trading sometimes even involves trading a cryptocurrency for fiat currencyWe can describe fiat currencies as government-issued currencies not backed by a commodity such as gold or silver. Most of the paper money in circulation, like the US Dollar or the Euro, can be described as a fiat currency.. Cryptocurrency exchanges act as the only intermediary between buyers and sellers of cryptocurrencies.

A cryptocurrency trade is different from a typical stock trade. In a stock trade, a bank acts as a custodian of assets and guarantees the repayment of those assets. Then, a stock ...