Cryptocurrency Exchanges

Cryptocurrency exchanges are platforms for trading, custody and derivatives involving digital assets. The market has recently expanded into tokenized U.S. equities, precious metals options and fiat on-ramps, even as operators such as BitMart have halted operations amid a wave of mergers, acquisitions and regional consolidation. Regulatory, sanctions and disclosure requirements are also tightening across jurisdictions. Exchanges’ proof of reserves, use of zero-knowledge proofs, withdrawal capabilities and licensing status directly affect the safety of users’ assets. They also offer important indicators of industry concentration and integration with traditional finance and warrant continued scrutiny.