Fandom

The IT Law Wiki

Exchange

32,581pages on
this wiki
Add New Page
Talk0 Share

Definitions Edit

General Edit

An exchange is a

two-sided marketplace where buyers and sellers negotiate prices, usually with a bid and ask system, and where prices move both up and down.[1]

Virtual currency Edit

An exchange is

an entity that facilitates the exchange of virtual currency for U.S. dollars or other currency, and visa versa.[2]

Internet Edit

On the Internet, an exchange (also called an Internet exchange) is an Internet-based business where registered users can buy and sell goods or services. The business models can be fixed price or auction-based. Transactions are initiated and completed online.

References Edit

  1. Entering the 21st Century: Competition Policy in the World of B2B Electronic Marketplaces, at 11.
  2. Pillsbury Winthrop Shaw Pittman LLP, Virtual Currency & Beyond: Acronyms, Abbreviations and Key Definitions, at 2 (full-text).

See also Edit

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.