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The Crypto Market Landscape: Tokens, Exchanges, and ParticipantsBefore diving into charts, you must understand the environment. Crypto asset

By PulseFX•September 27, 2026

The Crypto Market Landscape: Tokens, Exchanges, and ParticipantsBefore diving into charts, you must understand the environment. Crypto assets are digital tokens that exist on blockchains, which are decentralized ledgers. The market is primarily facilitated by two types of exchanges. Centralized exchanges (CEXs) act like traditional stock brokers, holding your funds in custody and matching orders internally. Decentralized exchanges (DEXs) operate directly on the blockchain, allowing users to trade without a middleman. The participants providing liquidity are often market makers, large firms or algorithms that constantly buy and sell to keep the order book filled. As the market matures, it is...

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