Because of the rise in popularity of cryptocurrencies, trading volumes on crypto exchanges have soared. In 2020, Coinbase, one of the most popular cryptocurrency exchanges, had a breakthrough year, earning $1140 million in revenue. This was a 136 percent increase over the $483 million in revenue generated in 2019. The volume of trade in the cryptocurrency market is expected to skyrocket due to more retail investors entering the market. Cryptocurrency trading begins with an exchange, which provides an excellent revenue source for exchange operators.
It is, however, a difficult task to build a cryptocurrency exchange from scratch. An exchange must undergo months of development and testing to enter the market. The market may have calmed down, and you’ll miss out on an incredible opportunity. Therefore, white label crypto exchange development is a great choice for quickly entering the market and launching an exchange.
A ready-to-deploy backend and an easily customizable front end define a white label exchange. An easy-to-use interface and user experience are two of the most important aspects of a successful software product. Saving time and money is a win-win situation.
As an example, there are many different types of white-label software. For a safe, seamless trader experience, find a trading platform with all the features you need to be built-in.
Features of White Label Cryptocurrency Exchange Software
Increased Transactional Throughput
Trading platform users benefit greatly from the number of transactions per second. When it comes to a cryptocurrency exchange, this is even more critical. As a result of the market’s volatility, this is the case. Any amount of time can deter traders from taking advantage of an opportunity to make a profit. If the exchange’s throughput is high, traders will increase their profits.
Improved Matching Speed
A cryptocurrency exchange must be able to match trades quickly. Trading can proceed without hiccups as a result of this.
Integration with Wallet
Every exchange must have a built-in multi-wallet. Because of this, customers don’t have to switch between different digital asset exchanges. In addition, these wallets must be easy to use and safe.
Flow of Information
Having a high TPS and a fast trading engine may not be enough if the exchange’s liquidity is low. An exchange’s popularity will rise if it has a high volume of trading activity.
Extensive Charts Of Data Analysis.
Professional traders love the ability to view trading charts. Charts like this one help traders see at a glance what they need to do to make money. The more professional traders an exchange attracts, the more trustworthy and liquid it becomes. The dashboard’s real-time analytical charts benefit both novice and experienced traders.
Fiat to Crypto and Crypto to Crypto
An exchange’s success depends on having a wide range of trading options, including fiat currency. Innovative functions can be quickly and easily integrated with white label crypto exchange development.
Advantages Of White Label Crypto-Exchange Software Development
Time-Saving
Customizing a white label crypto exchange is simple and quick, thanks to the small amount of required code. Testing and time to market are both greatly reduced as a result.
Cost-Effective
White label exchange platforms are extremely cost-effective to develop. This is because it is simple to add more advanced features. It’s possible to add an advanced feature to the exchange with just a few lines of code—reduced time spent developing and testing results in lower overall development costs.
Put More Effort Into Marketing
Marketability is critical to the success of any cryptocurrency exchange. Within days of using a white label development approach, an exchange operator has an operational platform that can be used on the market. As a result, he will devote more time to marketing the platform and less time dealing with technical difficulties.
Conclusion
White label exchanges are built on tried-and-true technology. So, as a result, it is much easier to make sure that the platform works as expected.
White label crypto exchange solutions from leading companies are backed by industry-leading features like high transaction processing speed (100,000 transactions per second), multi-currency wallets, powerful matching engines, self-explanatory interfaces, and trading view graphs. Custom exchange development can be another specialty, along with white label exchange development.
If you’re interested in learning more about our white label crypto exchange, connect with a cryptocurrency wallet development company.
