Quote from: Sendibere on February 11, 2018, 08:29:46 AM

Can I add this 2 basically types of exchanges. The one is Local Exchanges that allow the users to buy and sell cryptocurrencies against local currencies. And the Cryptocurrency Funds, where the users can deposit their fund to a cryptocurrency trading company or manager and with a fee but they get benefits.

Well,
- the Local Exchanges you are talking about relates to type 1. Brokers (online & brick-and-mortar). Sometimes they are called market-makers. In some countries (e.g. Russia), it's a brick-and-mortar office -where clients can come, pay/take local fiat cash and get/give its bitcoins. The big weakness of such "windows" is high (in Moscow about 9%) spreads. For example, if Bitfinex shows you BTC/USD = 10 000 then the local exchanger ASK price will be 10 900.

- Cryptocurrency funds look like #5. (Non-executable brokers/platforms) but let's say that such funds really buy crypto, then it's a new type indeed. I will enter it in the top post. Thanks!

\