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There is no longer any stigma attached to the use of digital currencies or crypto trading. Even in the most conservative countries, Bitcoin and its ilk will have a massive impact on the future economy. In order to give cryptocurrency and blockchain technology more latitude in their application, ever-increasing rules are being drafted. Despite the volatility of the major currencies, the crypto market continues to grow, giving digital currency enthusiasts a platform to further develop the sector or the chance to profit from their investments.
Since the beginning of the last year, the volume of digital currencies transactions has increased by over 40%. As a result, your platform needs to stand out from the competition in order to become the preferred cryptocurrency exchange for crypto traders, and this growth in the trading platform sector shows how important it is for you to do so.
Setting up a bitcoin exchange software may be accomplished in one of three ways: from scratch, by the acquisition of a cryptocurrency exchange white label solution, or through the adaptation of an existing solution.
How to Start a Crypto Exchange?
Creating a cryptocurrency exchange from the ground up is a lengthy process. Below are the key steps you should take to create your own cryptocurrency trading platform.
Legal aspects
Regardless of the kind of business you want to start, legal issues are a decisive factor. So first, learn about the regulations and requirements in your chosen nation, then apply for a license to provide crypto trading services legally.
Liquidity
In order to protect its customers from dubious scams, a credible cryptocurrency exchange will only list digital assets with substantial liquidity.
Functionality
Think about how your exchange can benefit traders and investors (fiat to crypto exchange, margin trading, etc.).
Client service
Due to the lack of precedent in the crypto market, beginners can encounter difficulties while entering. Ensure that your customers have access to round-the-clock, multilingual, high-end customer support.
What Is a White Label Crypto Exchange?
After completing the necessary back-end and database performance, a white label crypto exchange is ready to begin. Interface components such as a company logo and color scheme may be easily added to the interface to fulfill unique business needs.
WL solutions are gaining popularity among businesses looking to speed the process of creating their bitcoin exchange platforms, especially during periods of market growth.
The Benefits of a White Label Bitcoin Exchange
#1. Because white label solutions are ready-to-use, branding and promoting them is simple. So, if you're looking for new methods to build your company, a white label solution is ideal. You won't have to worry about the time and effort required. Creating your own platform with your own identity and branding may be done in days.
#2. Creating a solution from scratch takes time and money. The finest white label bitcoin exchange platform provides a fully-functional exchange at a fair cost, hence. When speed is of the essence, a current white label solution may be more cost-effective.
#3. Use a pre-built bitcoin trading platform to save your time and money. Using a ready-made white label solution allows you to quickly start your exchange company.
#4. Your bitcoin exchange platform may be tailored to your company's requirements, making it easy to advertise the brand. Using a white label solution allows you to effortlessly brand and market your bitcoin exchange firm, enabling you to stand out from the crowd.
#5. Allow you to concentrate on your company. Many of the solutions that organizations strive to build on their own are far beyond their expertise. No sense in extending resources that are incompatible with your core expertise. When evaluating a white label solution, take into account your current resources and the solution you require.
#6. Your consumers will be happy with your service because using the finest WL bitcoin exchange software allows your clients to contact you. The time and effort required to construct their own solution may turn off your customers. Preconfigured solutions let you swiftly satisfy customers’ needs.
Businesses worldwide are installing white label crypto exchange services for the reasons outlined above.
The Top 5 White Label Solutions to Establish a Crypto Exchange
White label cryptocurrency exchange solutions developers assist firms in launching their own cryptocurrency exchange under their own brand. Let's take a closer look at what the best organizations have to offer to their prospective customers to start with.
B2Broker
A leading supplier of white label exchange solutions, B2Broker combines excellent quality with cutting-edge technology to create a seamless experience for customers. Since its introduction in 2014, it has quickly established itself as one of the most popular options. The result is that B2Broker can be relied upon without reservation. Because of B2Broker's cutting-edge technology, customers may have a competitive advantage in the bitcoin market. Clients of B2Broker are entitled to the following benefits:
When you are a platform administrator, you may add widgets to B2Broker in a straightforward and timely manner, according to your schedule and preferences.
A number of API connection methods, including REST and WebSocket, are supported by the solution, making it more straightforward to use.
At maximum speed, the matching engine is capable of processing up to 30 000 queries per second.
Because of the capabilities and services it offers, it is largely regarded as a prominent white label digital currency exchange in the digital currency space.
As an added plus, there are no unscrupulous extra costs to be concerned about.
Devexperts
Devexperts is a firm with 19 years of expertise in developing ultimate solutions for the financial markets. Using a proprietary collection of components, the business creates solutions that are both visually appealing and financially profitable. Furthermore, the items that have been introduced are in compliance with all applicable laws, regulations, and standards. Among the various items provided is a White Label Cryptocurrency Exchange. Business owners gain a number of advantages, including:
End-users are given the maximum level of protection since an exchange monitors transactions in order to detect fraudulent activity.
A trading platform facilitates the connection of websites and trading applications, allowing traders to get access to historical, delayed, and analytical information.
The matching engine of exchange is capable of processing up to 500 000 transactions per second.
Traders get access to high-end customer service that is available around the clock.
PayBito
Another white label worldwide favorite is PayBito's integrated WL bitcoin trading platform. The all-in-one solution is currently being implemented successfully across five continents. The package includes the majority of the features listed below :
High-frequency SegWit-based multi-signature and multi-currency transactions
SegWit does not keep digital signatures, which frees up valuable space within a block, which serves as the foundation for a decentralized blockchain network. Additionally, the Firebase database and BIP-32 compliance were introduced.
Liquidity of the cryptocurrency - easily integrates with a variety of exchanges
Additionally, the Paybito platform supports customization of the UI/UX for increased wallet security, an admin access interface, three-layer security, and database encryption, regarding the need for safe business trade.
Efficient management system with KYC verification
Data collecting is a critical component of every cryptocurrency exchange. PayBito's white label program guarantees that client KYC information is updated on a regular basis while also preserving AML setups in blocks.
Dashboard in real-time with key parameters
PayBito's attractive dashboard provides critical information such as Fiat and Bitcoin balances, the Instant Buy or Sell price, and more. Additionally, the dashboard includes cryptocurrency trading choices (Buy, Sell, Send or Receive). Additionally, there is an option to monitor a cryptocurrency's performance over the course of a week, month, or quarter.
AlphaPoint
AlphaPoint Digital Asset Exchange, or APEX, is one of the most advanced white-label bitcoin exchange platforms available. APEX ensures initial liquidity via Remarketer & AlphaPoint Liquidity, in addition to a configurable user interface and experience.
AlphaPoint's white label product, which is built on a modular architecture, enables smooth connections with top banks and payment gateways. APEX is an enterprise-ready technology that facilitates efficient and transparent business interactions, resulting in increased ROI and liquidity reserves.
APEX has a broad reach in terms of usage and significance since it processes over one million transactions per second and supports twenty cryptocurrencies.
APEX is developed for scalability, interoperability, and speed, thanks to its built-in FX conversion feature enabling seamless multi-currency conversion.
APEX's strong risk management and mitigation capabilities, which include two-factor authentication, real-time error checking, and KYC/AML compliance, make it extremely safe and dependable.
A customized order routing and administration system, along with a straightforward matching engine, provides APEX users with the right blend of robustness and flexibility.
ChainUp
ChainUP is a leading global provider of white label bitcoin exchange solutions. ChainUP's Software-as-a-Service business model simplifies the installation of entire or chosen modules such as Crypto-Crypto, Over-the-Counter (OTC), and User-to-Contract transactions.
ChainUP offers a comprehensive suite of derivative management tools, all supported by enormous liquidity amassed from over 300 exchanges. Additionally, ChainUP has a three-layer wallet security structure, as well as a network-wide DDoS defense technology.
Each trading pair benefits from an enormous and extremely complicated memory matching engine capable of processing about 50,000 transactions per second.
A built-in and algorithmically audited mechanism enables the provision of secure, risk-analyzed, and crypto-based short- and medium-term loans.
Strict regulatory compliance and Know Your Customer (KYC)-based onboarding enable secure counterparty interactions for both online and offline transactions. High-risk accounts are also subject to compulsory liquidation, which helps maintain a contaminant-free trading environment.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Jason Delabays Ecosystem Lead at Zama
22 April
Igor Kostyuchenok SVP of Engineering at Mbanq
Steve Haley Director of Market Development and Partnerships at Mojaloop Foundation
Alex Kreger Founder & CEO at UXDA
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