What's the latest trend in the digital world? Evidently, "Cryptocurrency Development." The high-frequency fluctuation has paved the path for the trading of crypto assets. Thus, the crypto exchange platform development services are blooming.
When you take the help of the internet for finding the best cryptocurrency exchange/trading platform, it doesn't come up with one suggestion. Instead, there will be a list of 7-10 exchanges. It's due to the reason that there isn't any existing exchange which offers the best of all. Each exchange platform involves some flaws which hinder the trading process.
For that, we asked traders in a survey about what they expect from upcoming exchanges. And a lot of potential answers were obtained. The responses were clearly a sign that there's a need for improvement in the existing exchanges and they should be addressed in the future exchange development landscape.
Out of an entire lot of participants, 20% wanted a simplified exchange platform that is easy-to-use as well as has a highly interactive interface. Undoubtedly, this emphasizes the fact that interfaces of existing crypto exchanges are inconvenient and complex. Therefore, crypto exchange development services must be focused on developing exchanges that have excellent interfaces and are easy to use for everyone.
Currently, there are only a handful of exchanges that support fiat withdrawals, such as Coinbase. It links your bank account and enables fiat withdrawals. Rest exchanges enable their users to trade only in crypto. They don't allow crypto to fiat conversion. 30% of the users that participated in the survey agreed to incorporate this feature in upcoming cryptocurrency exchanges. We can't be sure that we'll be seeing exchanges offering this feature in the near future. However, exchange/trading development companies can work toward making the withdrawal process quicker.
Among all the features, this was the most common expected feature with the highest of 32%. Safeguarding the funds deposited on an exchange platform for crypto trading was the top priority of participant traders. Hence, traders are looking for platforms that are highly secure and ensure trust.
Oodles Technologies has become one of the fastest leading cryptocurrency development companies in the blockchain landscape. We utilize the immense expertise of our blockchain developers in developing secure online cryptocurrency exchange platforms for various popular cryptocurrencies like Monero, Litecoin, Ether, etc.
We also develop cryptocurrency exchange software platforms with Escrow integration. It helps in executing transparent trading between involved parties in an exchange. Not only do we build high-end exchange platforms for a smooth trade/exchange process but also help you build altcoin exchange software for easy and fast digital transactions.