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Before you begin building your cryptocurrency exchange, you need to determine the type of exchange you want to build. There are several types of cryptocurrency exchanges, including centralized exchanges, decentralized exchanges, and hybrid exchanges. Centralized exchanges are the most common type of exchange and are operated by a single entity. Decentralized exchanges, on the other hand, are run on a blockchain network and are not controlled by any single entity. Hybrid exchanges combine features of both centralized and decentralized exchanges.
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