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White label cryptocurrency exchange softwares
As cryptocurrencies look to take over the financial world as legal tender, the need for exchanges escalated as there were so many cryptocurrencies that were used in various regions and users often needed to invest in multiple cryptocurrencies. Investing in multiple cryptocurrencies resulted in a lot of hassles for users, which made crypto exchanges a great business venture.
With more user influx and volatility of cryptocurrencies, new business investors are looking into exchange platforms that can be deployed in a shorter time period which resulted in the creation of white label solutions of cryptocurrency exchange portals. In this blog, we will look at the top 5 white label cryptocurrency exchange softwares.
5 Best white label cryptocurrency exchange softwares
1. White Label Cryptocurrency Exchange Software
Although not based on an existing platform, a white label solution for a crypto exchange is based on salient features that every such portal needs for proper functioning.
Some of the major features include smart contracts, multicurrency wallets, API and SDK functionalities, implementation of firebase and firewall, and more.
Also, working with an expert firm for your exchange ensures that the portal is equipped with a stringent KYC/AML feature, multi-language support, a dedicated panel for admins, a powerful matching engine, and even make it mobile-friendly.
A white label crypto exchange platform can also come with more perks such as integration of multiple payment gateways, higher transactions per second (TPS), incorporate referral programs, easy handling of pending transactions, more liquidity, and easily accessible transaction history.
Such an exchange software can be deployed easily with your customizations by a company that has experience with creating white label solutions for crypto exchanges.
2. White Label Uniswap Exchange Software
Working on the Ethereum blockchain, Uniswap is one of the popular decentralized exchanges (DEX) in the world. Your new exchange based on Uniswap white label solution can be as effective as Uniswap and you can even have a native token (based on ERC-20) if you wish.
Some major features of a white label Uniswap exchange platform has are decentralized transactions, Automated Market Makers (AMM) that look after the exchange,
Automated Market Makers are smart contracts that hold reserves of cryptocurrency in the exchange which can be traded, hence addressing the issue of illiquidity.
Smart contracts used in a white label Uniswap exchange portal can be of two types – Exchange contract and factory contract, each of which has unique uses inside the exchange.
For making a Uniswap-based white label cryptocurrency exchange software, hiring a firm that knows the ins and outs of developing such solutions would be the best choice as it can be made quickly while incurring low costs than developing from scratch.
3. White Label PancakeSwap Exchange Software
Running on the Binance Smart Chain (BSC), PancakeSwap is another decentralized exchange which is one of the largest DeFi protocols today. The white label solution based on PancakeSwap can feature native coins (BEP-20 tokens) with the features of $CAKE, which has garnered investors’ interest lately.
A white label PancakeSwap exchange platform can have a great liquidity pool through various farming and staking opportunities to its users.
Such a PancakeSwap-based white label software can boast of having a low transaction cost as it runs on the Binance Smart Chain, and lower fees mean more users.
A white label exchange solution based on PancakeSwap can feature a lottery system where users can win rewards if they deposit tokens in the lottery pool, making the experience more game-like.
For creating such a white label PancakeSwap exchange platform, the best option would be to employ a firm that pioneers in such a ready-to-deploy solution as the process would be done quicker at an affordable rate.
4. White Label 1inch Exchange Software
A dynamic DEX aggregator, 1inch is more of a revolutionary platform that serves as a connection between multiple DeFi crypto exchanges.
A white label software based on 1inch would be able to source liquidity from other cryptocurrency exchanges and can split a single transaction between multiple DEXs.
Such a 1inch-based white label exchange software can give better exchange rates to swap coins and tokens so that users flock in to optimize the opportunity, thereby increasing profits for you.
Also, a white label 1inch exchange portal can offer optimization of slippage, hence benefitting users, while promoting your brand indirectly.
Such a white label solution can feature a non-custodial crypto wallet, meaning that your wallet is in your control and there is no other authority having access to your transactions.
For creating such a white label exchange platform based on 1inch, a great choice would be to hire a company that pioneers in such a customizable solution as it can make the portal quickly at a minimal cost.
5. White Label SushiSwap Exchange Software
SushiSwap is a decentralized exchange that runs on Ethereum which allows users to trade cryptocurrencies through a liquidity pool. A white label exchange solution based on SushiSwap can feature native tokens like $SUSHI, as per your requirements.
White label software for an exchange like SushiSwap can provide its users with native tokens if they ensure liquidity on the portal is seamless.
Such a deployable solution also features a staking mechanism where users can win special tokens which is profitable for users and indirectly promoting your exchange.
In addition to being an exchange platform, such a ready-made solution can be expanded to DeFi applications such as lending, borrowing, and farming, thus, becoming the one-stop solution for the crypto world.
For developing such a white label SushiSwap exchange software, you can approach a firm that is expertise in developing such easily deployable solutions at low costs.
Conclusion
Thus, we have seen the top 5 white label cryptocurrency exchange softwares that are in demand currently. With all the buzz around cryptocurrencies and exchanging them, it is wise to invest in starting a crypto exchange business now by taking assistance from an experienced developer who excels in the trade.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Andrew Ducker Payments Consulting at Icon Solutions
19 December
Jamel Derdour CMO at Transact365 / Nucleus365
17 December
Alex Kreger Founder & CEO at UXDA
16 December
Dan Reid Founder & CTO at Xceptor
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