Expected Trading Features From Upcoming Cryptocurrency Exchanges

Posted by : Mudit Kumar | 05-Jul-2018

  • What’s the latest trend in the digital world?  Evidently, “Cryptocurrency Development.” The high-frequency fluctuation has paved the path for the trading of the crypto assets. Thus, the crypto exchange platform development services are blooming.

    When you take 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.

    So, let’s have a look at the unprecedented answers provided by the traders.

    An easy-to-use exchange:

    Out of an entire lot of participants, 20% wanted a simplified exchange platform which 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.

    Fiat Withdrawals – Fast and Direct to the bank account

    Currently, there are only a handful of exchanges which 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.

    High-level of Security:

    Among all the features, this was the most common expected feature with highest of 32%. Safeguarding the funds deposited on an exchange platform for crypto trading was on the top priority of participant traders. Hence, traders are looking for platforms that are highly secure and ensure trust.

    Why Choose Us?

    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 a transparent trading between involved parties in an exchange. Not only 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.

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About Author


Mudit Kumar (Writer)

Mudit has been working with Oodles since 2017. He writes about technologies that not only disrupt the digital space but also influence the physical world. Initially, he explored revolutionary technologies like ERP (Enterprise Resource Planning) and AI (Artificial Intelligence). Now, he focuses on unfolding the elements of blockchain technology, given its potential and edge over others.

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