Crypto exchanges serve as the backbone of the cryptocurrency market, facilitating users to acquire and transact with digital assets.

These exchanges are broadly categorized into two main types: centralized and decentralized.
Centralized exchanges (CEXs) depend on third-party operators, offering ease of use for participants.
However, they require users to trust the platform, which exposes them to risks such as hacks or mismanagement.
On the other hand, decentralized exchanges (DEXs) enable users to transact independently. Relying on decentralized infrastructure, DEXs reduce the risk of hacks but are often less user-friendly.

Choosing a crypto exchange depends on user needs and recent Jmc blog post priorities. Knowledge of both types ensures better crypto experiences.