As the crypto economy develops and all assets move onto the chain, more exchanges will emerge.

By Mason Nystrom

Compiled by: TechFlow

The superpower of cryptocurrency is the creation of new assets and markets.

As a result, one of the most common and successful business models in crypto is the exchange model. If you’ve been in the crypto space for a while, this isn’t surprising, but I think it’s often underestimated when evaluating crypto companies and protocols.

Exchanges can occur in a variety of contexts, but generally create a venue for trading of a certain asset or service and provide the mechanisms to process those trades.