What are crypto exchanges?
Could you elaborate on the concept of cryptocurrency exchanges, please? As a novice in the digital asset world, I'm curious to understand what they are and how they function. Do these platforms facilitate the buying, selling, and trading of various cryptocurrencies? Are they similar to traditional stock exchanges, but specialized for digital assets? And what role do they play in the broader cryptocurrency ecosystem? I'd appreciate a concise yet comprehensive explanation of their operations and significance.