What is the difference between a crypto exchange and a crypto platform?

The main difference between a crypto exchange and a crypto platform is that an exchange is specifically focused on trading cryptocurrencies, while a crypto platform may offer a wider range of services related to cryptocurrencies. Another difference is that crypto exchanges are typically centralized, meaning that they are operated by a single company. Crypto platforms, on the other hand, may be centralized or decentralized.

Crypto exchanges facilitate direct trading between users, while crypto platforms offer a wider range of services, including trading, custody, and lending.

Crypto exchanges are more complex to use than crypto platforms.

Crypto exchanges are better suited for experienced traders, while crypto platforms are better suited for beginners.

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