Cryptocurrency Exchange Software refers to as websites that allow you to buy, sell or exchange cryptocurrencies for fiat currency like US dollars or Euro or in other currencies.
If you’ve taken the decision to develop a cryptocurrency exchange platform, the first step is to get a trading license and, most importantly, register your exchange platforms as per the rules and regulations of your region.
Initially, although some countries were skeptic allowing transactions in cryptocurrencies, now they are showing some leniency in this regard.
Nonetheless, it is necessary to be compliant with the KYC norms. You should be ready with required documents. Also, customer integration with verification API is a must in an exchange platform along with the backup.
You would also need charts that notifies on the volatility index about the digital currencies. They assist in the comparison of trading combinations. You need to make orders; a record of transactions and finally, get a comprehensive history of most successful transactions helpful to determine the bidders.
There are many ways you can follow to develop your own cryptocurrency exchange platform. However, you may not know what features it should have to provide maximum output.
When looking for software for your new cryptocurrency exchange platform, you get two choices on the trot:
Well, to set out, it can become a tedious task as you require a dedicated team to deal with the project. However, choosing a Cryptocurrency Exchange Development Company can abolish your worries and allow you to only focus on your vision.
It’s because the project will be rendered successfully as each crypto exchange developer in the team would have expertise in specific areas of understanding the software and well professed with its functioning.
They would interpret components appropriately. Though, do consider the time and budget required to develop a Cryptocurrency Exchange Platform Solution from an offshore Cryptocurrency Exchange Development Company. According to an estimate, it takes around 6 months to one year or even more as per the requirements of the project.
If your cryptocurrency exchange platform utilizes multisig, HSM and three-layer wallet system, you can ensure that you offer the highest industry security standards in the market.
Having the best trade engine, that’s fast and reliable, installed at the core of the system, is important. It ensures that your exchange platform is working properly in any situation.
Your exchange platform must enable your users to trade digital assets over several trading pairs. And, must have an advanced trading view to allow users to see what’s live happening across other prominent exchanges.
Your users should be able to create multiple trade views or see and analyze multiple graphs from different exchanges on a single trading view. This saves a lot of time of users as they don’t lose time switching between windows.
Another option is using a special readymade software (also known as White Lable Solutions). It is an easier option than developing the software from scratch, as choosing the former provides you the opportunity to develop and customize the software according to your needs.
In ready-made software solution, the testing gets done beforehand. It also allows evading the need for continuous maintenance.
You need to only run a few settings according to the project demands. Eventually, it saves a lot of time and money.
We, at Oodles’ Blockchain Solutions, ensure that you don’t miss even a single significant aspect of an exchange/trading platform as we use the best cryptocurrency exchange development services and utilize our experience of more than 3 years in the cryptocurrency and blockchain sphere. We develop cryptocurrency exchange and trading platforms that contain above- mentioned features for easy success and fast adoption.