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Digital Currencies

Types of Digital Currency Exchanges

Something I've noticed at conferences a lot lately is a misunderstanding (usually from folks new to the industry) about the various types of Digital Currency Exchange (DCE) that can exist. In this post I want to break down the different types of exchanges I have seen, their benefits, downsides, and features of each. But before that, a simple definition of what a DCE even is. What is a Digital Currency Exchange Quite simply, it is a place that allows the exchange of one currency to a different digital currency. There is room for argument about having an open orderbook compared to a brokerage-l…

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