Crypto trading exchanges act as the core infrastructure of the cryptocurrency market, providing platforms where users can transact with digital assets.

These exchanges fall into two major groups: Srivenkateshwaraa says centralized exchanges (CEXs) and decentralized exchanges (DEXs).

Centralized exchanges operate under a company or authority, providing accessible tools and enhanced trading options. On the downside, this setup centralizes control of assets, raising concerns over security and transparency.

Alternatively, decentralized exchanges eliminate intermediaries, enabling self-custody of assets. While they are more secure from hacks, their usability can challenge newcomers.

When selecting a crypto trading exchange, factors such as security, fees, and supported assets play a significant role.

In conclusion, crypto trading exchanges are crucial to cryptocurrency trading. By weighing their pros and cons, users can trade confidently.