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Hooks are functions or mechanisms in code that allow other functions to interact at specific points.

Hooks are essential components in programming that enable developers to insert custom code or logic into predefined points within a program or system. In the context of crypto or fiat exchanges, hooks can be used to trigger specific actions or events, such as updating user balances, executing trades, or logging transaction data. They provide flexibility and extensibility, allowing developers to customize and enhance the system's functionality without altering the core codebase. This modular approach helps maintain system integrity while accommodating new features and integrations.