Cryptocurrency Q&A Do crypto markets need to be traded on a central exchange?

Do crypto markets need to be traded on a central exchange?

Valentina Valentina Wed Feb 19 2025 | 6 answers 1089
I'm wondering if cryptocurrency transactions have to go through a centralized exchange, or if there are other ways to buy and sell digital assets without relying on a single platform. Do crypto markets need to be traded on a central exchange?

6 answers

TimeRippleOcean TimeRippleOcean Fri Feb 21 2025
Cryptocurrencies operate independently of any central exchange due to their reliance on the blockchain technology.

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JessicaMiller JessicaMiller Fri Feb 21 2025
Transactions can take place at any time of day or night, making the crypto market accessible to traders from all over the world.

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Lucia Lucia Fri Feb 21 2025
This allows for buying and selling of cryptocurrencies around the clock, 24/7, throughout the year.

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Martino Martino Fri Feb 21 2025
Understanding how crypto market hours work is crucial for investors looking to enter this space.

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RiderWhisper RiderWhisper Fri Feb 21 2025
The decentralized nature of cryptocurrencies means that there are no specific trading hours, unlike traditional stock markets.

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