How do crypto exchanges work?

[CryptoFluxor]

Crypto exchanges work by matching buyers and sellers through an order book or automated market maker, enabling users to trade digital assets easily. They hold or route funds, provide prices, and process transactions. Whether trading major coins or smaller tokens like LMGX, exchanges rely on liquidity and security for efficiency.

[CRYPTOHUSTLER]

Crypto trading platforms enable people to exchange digital currencies with one another. They function by connecting buy and sell requests, providing market liquidity, safeguarding user balances, and collecting small transaction costs. These platforms may operate in centralized or decentralized models. Some ecosystems include utility assets such as lmgx token, which can support platform usage, incentives, or additional services in a subtle way.