What are the different types of Crypto Exchanges

1. What are the different types of Crypto Exchanges? Crypto Exchange is an online trading platform that acts as an intermediary between seller and buyer. These platforms enable trading in crypto in exchange for fiat and digital asset. These exchanges facilitate users to deposit money by methods like direct bank payment, net banking, and charge or fee for every transaction done. Exchange platforms allow transactions to take place in forms  Fiat to currency transactions Crypto to crypto transactions The process to Buy and Trade Crypto 1. Classic Exchange Process: - Classic process of crypto-focused on trading. With your fiat money or another crypto, you can exchange assets by placing a limit order that goes to an order book and wait there until matched or by placing a market order that is matched with buyers' and seller requests that are already available in Exchange depth of Market(DOM). 2. Peer to Peer Crypto Exchanges: - Peer Crypto Exchanges are not limited to crypto and p2p exchanges. Its representatives are Over-the- Counter Desks (OTC) where you sell or buy an asset from some other companies. There is no direct effect on the price of the underlying asset and no order book. OTC serves for a large amount of crypto, which may affect the price of the traded assets. It is used by large venture capital companies, hedge funds, and also for crypto miners. 3. Derivatives Exchanges:- In the derivatives market you are trading the underlying asset price, so you can use various types of benefits to maximize profit if trading is done properly. High leverage trading with instruments like futures or perpetual swaps is one of the biggest advantages of derivatives Exchange. Types of Crypto Exchanges 1. Centralized Exchange (CEX):- CEX is governed by a company that offers the options of both crypto-to-crypto trading and fiat-to-crypto gateway. It is easy to use and has great UI which goes along with the quick response. The exchange plays the role of a middle-man and buyer and seller come together centralized means to trust somebody to handle money. CEX are most common crypto exchange and has a smooth interface and very simple process. Every order is recorded and validated

2. by the company to ensure correctness and security. This exchange offers both crypto-to-cryptos trading. Customer Support is one of the important features offered by CEX. Funds will remain in the wallet and are managed by CEX also sign-up process involves a KYC (Know Your Customer) process where personal details will have to be shared. 2. Decentralized Exchange (DEX):- Decentralized Exchange does not rely on a middle-man to hold funds, there is no company or institution governing these exchanges. It is a marketplace where seller and buyer come together and process transactions directly between one another. DEX facilitates peer-to-peer trade. It is more secure because there is no possibility of a security beach. Trade on DEX is automated and executed via smart contracts. No KYC is required so personal information is safe, built to ensure a secure way for the transfer of crypto without a central figure. 3. Hybrid Exchange (HEX):- HEX is the merger of both centralized and decentralized exchanges. Hybrid provides the functionality and liquidity of CEX with the security and privacy of DEX. Hybrid crypto exchange provides users with access to the private key and aims to solve the scalability issue of decentralized exchanges. In HEX there are no gas fees or taker fees. Hybrid offers a trust-less nature combined with low latency and fast transaction speed of centralized platforms. Hybrid use smart contracts to ensure there is no central figure imposed on the integrity of trade and reduces security risk. PlatinX provides services such as Centralized and Decentralized development. Our team has the expertise to understand your vision and translate it into a crypto exchange that is innovative and user-friendly. We provide end-to-end crypto exchange solutions where we provide guidance such as Operations, financial assets, technical integration, legal, and liquidity. We are experienced and knowledgeable to develop crypto exchanges that are safe and secure. For more information visit:- www.platinx.io/crypto-asset-exchanges- developer