Are you looking to create an exchange? Do you know the features that you should ask for in exchange software white-label?
Blockchain-based cryptocurrency has become one of the most important digital assets. It is widely used all around the globe. You have the opportunity to make some money by using it.
Is it possible? It is possible. It is possible to have a central cryptocurrency exchange.
Do you want to create white-label software for cryptocurrency exchanges?
Perhaps the answer is yes, or no. However, I have all the information you need if you're really interested in building a cryptocurrency exchange.
Although there are many cryptocurrency exchanges, 70-80% of trading takes place on a handful of exchanges like Binance, Bittrex and Coinbase. Why?
It's simple. Their exchange meets the requirements of the trader. If you can match them, or even more, you will be able to get more exposure for your exchange.
These are some of the most important things to remember when building an exchange.
What is White Label Exchange Software? How do you build it?
First, find a company that can help build your exchange. There are many companies out there who can offer you software.
The software is very easy to customize and can be re-branded without any technical difficulties. Your exchange can be live in just a few hours.
This bundle of customizable software is also known as White Label Crypto Exchange Software , and the company that provides it is called an white label crypto exchange development company.
Let's now focus on the features that you should be demanding. These are just a few highlights. If you want to know more, I suggest that you read our detailed guide.
Features of Centralized Cryptocurrency Exchange
There are some common features that all exchanges have, and they are recommended to be included in your exchange software.
- Trading Engine
- Wallet
- User Interface
- Admin Control
These are the four essential elements of almost all exchanges. These elements are essential for daily trading control and will be missing from your exchange if you don't implement them.
There are some additional features that you should add to your exchange.
Spot trading
This allows traders to trade in real time, meaning they can instantly buy and sell.
History chart and Price Movement
Each cryptocurrency traded on the exchange should have a price history chart. It can be from 15 minutes to one month. This allows traders to use technical analysis to predict future prices.
Wallets and Payment Gateway
There are many cryptocurrencies on the exchange, so ensure that each currency has its own wallet address.
Trading Pairs
Check that every currency on the exchange has a trading platform available for trades against the most popular cryptocurrencies such as Bitcoin and Ethereum.
These are not the final features. They will not lead you to success.
You can learn more about white label crypto exchange software's top features,
I suggest Clarisco solutions to get a more detailed Info about development and process related things.
