What is a cryptocurrency exchange and how does it help trade digital assets?

A cryptocurrency exchange is an online platform where users can buy, sell, and trade digital currencies such as Bitcoin, Ethereum, and many others. It acts as an intermediary, providing liquidity and security for transactions between participants. Exchanges offer various tools for trading, including market orders and limit orders, allowing traders to fine-tune their trades. Additionally, exchanges provide access to various tokens and cryptocurrency pairs, creating conditions for efficient global trading.