With the high adoption of cryptocurrencies globally, there’s also a subsequent increase in the number of cryptocurrency exchanges—platforms that allow users, traders or investors to buy, sell and store virtual currencies.

A crypto exchange works exactly like a stock exchange that helps users to trade in digital currencies such as Bitcoin, Tether or Ethereum. These exchanges work on digital marketplaces like desktop functions similar to e-brokerages or mobile applications. Cryptocurrency exchanges also provide users with an array of trading and investing tools.

In the latest development on cryptocurrency exchanges domestically, the Indian government has actioned blocking URLs of nine cryptocurrency exchanges in India. Here’s all you need to know.