What is a bitcoin-only exchange?
Could you elaborate on what a bitcoin-only exchange entails? As a professional in the field of cryptocurrency and finance, I'm curious to understand how such an exchange differs from those that trade multiple digital currencies. Specifically, does a bitcoin-only exchange only facilitate the buying and selling of bitcoins, or does it provide additional services as well? Additionally, are there any unique benefits or risks associated with using such an exchange compared to multi-currency platforms? I'm interested in understanding the nuances and implications of this specialized type of trading platform.