What is a bitcoin exchange? Back to list

Member SinceJul 08, 2021

Posts 309

Sterling

Jan 12, 2022 a 12:19
Any service that connects buyers and sellers of bitcoin is considered a bitcoin exchange. Bitcoin is a liquid asset for large-scale trading because of exchanges. Generally, when people refer to bitcoin exchanges, they are referring to centralized 'custodial' services such as Coinbase, Kraken, and Binance. It is possible to exchange bitcoin and a variety of other cryptocurrencies on these platforms. Just like stock trading services such as Robinhood and Charles Schwab, bitcoin exchanges connect buyers and sellers.

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