# Exchanges And Algos

**URL:** https://forum.algorand.co/t/exchanges-and-algos/571
**Category:** Uncategorized
**Created:** [June 1, 2019, 6:41am UTC](https://forum.algorand.co/t/exchanges-and-algos/571 "2019-06-01T06:41:13Z")
**Posts on this page:** 2
**Page:** 1

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### Author: ![GrumpyDumpy](https://avatars.discourse-cdn.com/v4/letter/g/b4bc9f/32.png) [@GrumpyDumpy](https://forum.algorand.co/u/GrumpyDumpy)
#### Post date: [June 1, 2019, 6:41am UTC](https://forum.algorand.co/t/exchanges-and-algos/571/1 "2019-06-01T06:41:13Z")

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He Guys,

I wonder how exchanges obtain their algos…Do they have to participate in the auctions as well?

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### Author: ![Algo](https://avatars.discourse-cdn.com/v4/letter/a/e99b99/32.png) [@Algo](https://forum.algorand.co/u/Algo)
#### Post date: [September 10, 2019, 10:09pm UTC](https://forum.algorand.co/t/exchanges-and-algos/571/2 "2019-09-10T22:09:54Z")

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I for some reason thought that they get in as early investors and also buy through auctions. Not sure though.