Crypto transactions are documented on the blockchain, and this paves the way for decentralized value exchange. Developing your own cryptocurrency exchange is a surefire way to tap into the explosive growth prospects offered by the crypto industry. Understanding how exchanges function will assist in understanding crypto trade behavior easily.
Cryptocurrency trade through white label bitcoin exchange software and various cryptos have obtained instant recognition within the cryptosphere.
Developing a dedicated cryptocurrency exchange from the ground up is a laborious process, this is where white label solutions step in. There are considerable costs that are incurred during the design and development phases. Cryptocurrency exchange development is a lot easier through white label solutions. Blockchain App Factory is an industry-leading exchange software development company. Extensive experience within the cryptosphere and in blockchain development make it your go-to solutions provider when it's time to build crypto exchanges.
Blockchain App Factory’s USP in cryptocurrency exchange development solutions include, but are not limited to, the following:
- Margin trading
- Derivatives (Futures Contracts)
- Conditional Trading
- Copy Trading (Strategic Copying)
Blockchain App Factory’s cryptocurrency exchange platforms usually include the following features:
- Leverage trading
- Margin trading
- Order sharing
- Integrated referral program
- Matching engine
- Multicurrency wallet
- Mobile application
- Payment gateway integration
- API integration
- Multi-language support
- Admin backend panel
- SEO/SEM enabled
Cryptocurrency exchange platform launch process steps:
- Requirements collection, exchange prep
- Exchange product setup with regional changes based on the geography of exchange incorporation
- Match engine installation according to specifications
- Integration of various blockchains into the exchange
- Enhancement/improvement of security feature sets
- Listing tokens/coins on the exchange
- Handing over the exchange
The types of orders in cryptocurrency exchanges
- Limit order
- Market order
- Stop order
- Copy order
- Buy stop order
- P2P trading
Cryptocurrency exchange development services
- Opting for the correct platform
The crypto exchange platform that is opted must have increased transactions per second and must be able to manage high volumes. The trading platform should be free from system crashes, server issues, and other infrequent behaviors that could be behind reputation issues.
- Market and liquidity
The crypto market is volatile and it is critical to stay ahead of market trends, news, and hedges. The exchange must be capable of withstanding unexpected contingencies within the cryptosphere.
- Incorporation and regulation
A vital aspect of exchange development is the incorporation of the company in crypto-friendly countries, with a concentration on the international operation. KYC, AML, and GDPR are followed according to the jurisdiction.
Blockchain App Factory’s cryptocurrency exchange security consists of the following features:
- Jail login
- HTTP authentication
- Data encryption
- Cross-site request forgery protection
- Anti-denial of service
- Anti-distributed denial of service
- Server-side request forgery
- HTTP parameter pollution protection
- Escrow system
Enhanced wallet security is a built-in feature of BAF’s cryptocurrency exchange development services. Wallet security consists of the following feature sets:
- Secured wallets - Crypto is stored in secure e-wallets developed on the blockchain
- Multisignature wallets - These add an extra layer of security with regards to crypto transactions
- Two-factor authentication - This is a method of identity verification through the utilization of two different factors
- Elliptic curve cryptography - Wallet addresses consist of public-key cryptography, based on the algebraic structure of elliptic curves
Blockchain App Factory’s cryptocurrency exchange development services are the industry standard on account of the firm’s extensive experience within the cryptosphere and in blockchain development. Its white-label solutions are tailor-made and customized to suit your firm’s requirements and specifications.
