The term 'cryptocurrency exchange' refers to a digital platform where users can buy, sell, or trade cryptocurrencies for other digital currencies or traditional fiat currencies. These exchanges facilitate transactions by providing a marketplace for various cryptocurrencies, ensuring liquidity and enabling price discovery. Users can create accounts, deposit funds, and execute trades on these platforms, some of which may offer additional features like wallets and market analysis tools. Cryptocurrency exchanges play a vital role in the broader financial ecosystem, allowing users to participate in the growing digital currency market.