The role of Taiwan’s virtual currency exchange
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What is a virtual currency exchange?
A virtual currency exchange, or more accurately a "cryptocurrency exchange", is an online platform that provides users and institutions with the ability to buy and sell cryptocurrencies.
Just like stock brokers, cryptocurrency exchanges can match buyers and sellers, provide market liquidity, allow users to smoothly buy and sell the currencies they want to trade, and receive handling fees as compensation.
[Extended reading]
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The role of Taiwan’s virtual currency exchange
Since the cryptocurrency market is traded using "USD stablecoins (such as USDT)", mainstream international exchanges do not support deposits in Taiwanese legal currency. Therefore, the main function of Taiwan Virtual Currency Exchange is to be the main channel to support Taiwan dollar deposits.
