A trading platform is an online platform that facilitates the exchange of one currency for another. There are several types of trading platforms:
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Centralized for Fiat/Cryptocurrency Exchange: These platforms allow the exchange between traditional fiat currencies and cryptocurrencies. Users can buy or sell cryptocurrencies using standard currency.
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Centralized for Cryptocurrency/Cryptocurrency Exchange: In this type, users can trade one cryptocurrency for another. These platforms serve as intermediaries for transactions between different digital assets.
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Decentralized for Cryptocurrency/Cryptocurrency Exchange: These platforms operate in a decentralized manner, allowing users to trade cryptocurrencies directly through their wallets without the need to disclose their identity. This approach emphasizes privacy and autonomy in cryptocurrency transactions.