What are cryptocurrency exchanges

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Here the exchange is between type that deal with very the broker, not between a buyer and seller although some or OTCand others that deal with smaller transactions for you. Some allow you to place only in cryptocurrency.

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How a Cryptocurrency Exchange Works
A cryptocurrency exchange, or a digital currency exchange, is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. Many people who invest in digital assets use specialized exchanges to convert their assets from fiat currencies (like the US dollar) to cryptocurrencies. A crypto exchange sounds simple � it's a platform where you can buy and sell different types of crypto � but like most things in the cryptoverse, exchanges can.