ChangeNOW is the kind of crypto exchange people use when they want swaps without handing over much more than the coins themselves. It is at its best on straightforward conversions between common assets, where the flow is quick and the interface stays out of the way. By our assessment, the trade-off is that this simplicity leaves less room for the sort of deep, order-book style trading that larger exchanges offer. In practice it feels like a tool for getting from one token to another without a lot of ceremony, which is exactly why people reach for exchange services in the first place. As a crypto exchange, it sits closer to instant-swap services than to a full trading platform, and the name says what it does without much decoration. The limit is that anyone looking for a broader market venue will want something else.