What are instant crypto exchanges?

An instant crypto exchange is an exchange solution, which typically aggregates prices and liquidity from multiple custodial trading exchanges, offers a light registration process with a simple exchange UX.

Even for crypto industry veterans, the role and functionality of instant crypto exchanges may be unfamiliar. You won’t see the likes of Changelly, Shapeshift and ChangeNOW on CoinMarketCap’s top exchanges list, and the name itself isn’t terribly descriptive. So what is an instant crypto exchange?

This is obviously quite different than custodial trading exchanges like Binance and OKEx — which safeguard your crypto — that are limited to volume and prices on their exchange, can feature lengthy signup processes, and have a more professional trading interface.