There are already 420 million crypto users globally, and this figure is expected to continue to rise. By 2026, the worldwide blockchain market value is anticipated to reach $67.4 billion. Without a question, the crypto business has immense potential, and we may be only at the beginning of its development. That is why many entrepreneurs are interested in starting a crypto exchange business.
There are currently three approaches to launching an exchange business: creating one from scratch, using API integration and development based on a provider's infrastructure (crypto-as-a-service model), or utilizing a turnkey white-label solution that includes the back-end, front-end, and the option to customize the branding. Creating an exchange from scratch may be extremely time-consuming and costly.
Scalable Solutions provides API integrations as well as white-label solutions. Each of these ways has advantages and disadvantages, and which one you choose is determined by your budget, technical competence, and company objectives.
What are the key distinctions between them, and which one is ideal for your company? Let's look into it.
Crypto-as-a-service model Benefits and drawback
Building an exchange utilizing third-party APIs (Application Programming Interfaces) supplied by various services and blockchain networks as building blocks is known as API integration. This technique gives development teams the freedom to create a wide range of features and fully customize the application's frontend look. However, it needs a team of skilled engineers and takes significantly longer to implement.
Scalable provides comprehensive APIs to handle a broad range of requests: with the Broker API, one may construct a full-fledged exchange with spot, margin, and perpetual futures trading, or just incorporate crypto payments or crypto swaps with deep liquidity into their apps. Our APIs enable access to digital asset trading across over 1500 books, as well as deep liquidity, fiat on/off-ramps, crypto payments in 650+ cryptocurrencies, bulk payouts, safe and cost-effective custodial operations, and much more.
Benefits:
Reduced expenses and quicker time-to-market as compared to developing a digital asset exchange, wallet, or payment gateway from scratch.
More control over the features
Drawback
Dependence on third-party vendors
Requires lot of technical expertise to Develop a exchange from Scratch
white label crypto exchange software benefits and Drawback:
White-label crypto exchange software provides standardized exchange software that may be renamed to meet your design needs. Scalable has a number of white-label products available. Among them are Lite Instant Exchange, which is primarily designed for crypto-beginners to execute quick simple swaps; Pro Exchange, which caters to advanced and institutional traders
interested in advanced trading features; OTC white label, which assists institutions in launching their own over-the-counter desk; and Custodial and Non-custodial wallet applications to cater to various business needs in response to ease-of-use, budget, and overall loyalty to the concept of decent.
Benefits:
Quick time to market
Scalable
Reliable
Drawback:
Limited flexibility
technology partner dependency
Conclusion
The choice between crypto-as-a-service and a white label crypto exchange software solution is based on your company's goals, price, and timetable. If you have the resources and skills, API integration allows for greater flexibility and control over feature development and front-end customisation. However, if you want a faster and less expensive approach to build your exchange, white-label solutions provide a dependable and safe choice.
To guarantee the successful launch and long-term success of your crypto exchange business, it is critical to deal with trusted suppliers and prioritize security and dependability. We can be your trusted technology partner, guiding your company from the ground up to success.
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