Section
Exchanges
9 articles
Centralised trading venues, examined as businesses rather than as products: how they hold customer assets, what their disclosures actually prove, which regulators they answer to, and what a headline fee rate leaves out. Exchanges are one of the two sectors the AI Citation Index measures, so several of these pieces answer questions the index itself puts to AI assistants. Nothing in this section ranks exchanges or recommends one. No link here earns the site money, which is what makes it possible to measure these brands and write about them in the same publication.
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What exchange reserve data shows, and what it hides
Attributed exchange reserves are real, useful and one-sided. What the on-chain figure contains, what it cannot, and how to read a sudden change in it.
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What a first crypto purchase actually involves
The app matters less than the four decisions inside it — which surface you buy on, which rail you fund with, where it settles, and what you record.
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The fees you actually pay on a crypto exchange
A headline trading rate is one of at least five costs in a round trip. The spread is usually the largest, and it is the one no fee page shows you.
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Exchange or self-custody: what you are trading
Not safe against unsafe. The real trade is recourse against control, and the failure modes on each side are shaped completely differently.
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Deep liquidity and a long coin list pull against each other
Liquidity is order-book depth at the size you trade, not reported volume. Why breadth costs depth, and why staking yields are a credit product.
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What to compare when choosing between crypto exchanges
Five questions in the order that matters, a leaving test worth running before you need it, and why expert recommendations are the weakest signal available.
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What a regulated crypto exchange is regulated for
In most countries it means registered for anti-money-laundering supervision — a rule that protects the financial system from you, not you from the exchange.
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What proof of reserves actually proves
A Merkle-tree attestation shows assets at a moment. Without liabilities it says nothing about solvency — and most of them stop at assets.
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What happens to your crypto when an exchange fails
Insurance covers theft, and a company failing is not a theft. What segregation, deposit insurance and a public listing actually get you, and what they do not.