To put it simply, digital exchange refers to a platform where transactions between digital currencies and between digital currencies and fiat currencies are matched. It is the main place where cryptocurrency transactions circulate and prices are determined.
Compared with traditional stock exchanges, digital currency exchanges act as market makers and investment banks in addition to matching trades.
The market maker role of an exchange increases liquidity in the market, from which the exchange earns the spread on trades.
The investment banking role of the exchange provides services such as issuance and underwriting of digital currencies, from which the exchange receives a fee or a margin in the form of votes from the exchange community.
Established in March 2020, UPUPEX is a global digital asset international station. Adhering to the concept of customer first, UPUPEX is committed to providing safe, convenient, professional and high-quality digital asset financial services for global users.
