Are cryptocurrency exchanges uses off chain transactions?And if yes when does they used?
1 Answer
Yes.
Whenever one of their customers sends money from that customer's account to the account of another of the customers of the same exchange.
Whenever a customer with an account deposits or withdraws money in another currency.
-
-
Not via "payment channels" in the normal sense. Just numbers in proprietary records that are nothing to do with the Bitcoin network or blockchain. Commented Sep 26, 2023 at 10:05