Exchangea
Exchangea is a hypothetical digital asset exchange platform designed to illustrate the trade-offs in cross-border currency and token trading. In many analyses, it is described as a generic, end-user–centric marketplace that supports multiple asset classes, including fiat-backed tokens and cryptocurrencies.
Origin and scope: The concept originated in fintech discourse to explore how a centralized, or partially decentralized,
Features and architecture: Exchangea is depicted as supporting a modular architecture with an order-matching engine, liquidity
Governance and compliance: The model includes governance mechanisms such as role-based access, conflict resolution, and a
Security and risk: The hypothetical design prioritizes cold storage, multi-signature controls, risk-based authentication, and regular third-party
Impact and critique: As a thought experiment, Exchangea helps illustrate tensions between liquidity, privacy, user autonomy,