The cryptocurrency exchange development is the creation of the crypto exchange platform. This platform enables one to trade cryptocurrencies in exchange for fiat money or other digital currencies. There are various types of crypto exchanges centralized, decentralized, and hybrid. The centralized exchange enables crypto trades only when the central authority authorizes the trade. In the decentralized exchange, there is no central authority or intermediary to authorize the crypto trade, and the exchange ia automated when both parties agree to the trade. The hybrid is a bit of both centralized and decentralized exchanges. Deciding on the type of crypto exchange one wants to develop facilitates the platform development process.
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