My question is why is the rate higher on one exchange than on another?
Crypto trading operates on decentralized platforms, allowing users to buy or sell digital assets like Bitcoin and Ethereum. Traders use exchanges to execute transactions, leveraging market analysis tools for decision-making. Prices are determined by supply and demand dynamics, with trades recorded on a blockchain for transparency. Various strategies, including day trading and long-term investing, are employed. The market's 24/7 nature, high volatility, and technological innovations create a dynamic landscape, attracting a diverse range of participants.