Today, there are more than 500 crypto exchanges around the globe and the number continues to grow with every passing week.
A cryptocurrency exchange is an online platform that allows you to exchange a fiat currency for a crypto asset or one digital currency for another. As crypto trading grows, an increasing number of companies are developing more advanced and secure crypto exchange software.
However, not all crypto exchanges are made equal. While most crypto exchanges, such as Coinbase and Bitfinex are centralized, there are a few decentralized exchanges too, such as RuDex and Waves Dex. Recently, a third type of crypto exchange has emerged that is making headlines in the crypto world. It is called a hybrid cryptocurrency exchange.
Read on to more about hybrid crypto exchanges.