In January 2021, spot crypto exchange volumes broke past all the previous records. Interestingly, crypto assets worth over $900 billion exchanged hands. Unfortunately, some of the top league exchanges could not handle the sudden surge in trading volumes. Thus, due to technical difficulties, users had to face difficulties like suspended withdrawals or the orders and account information sync delays.
Will a white label crypto exchange be able to cope up with such a sudden jump in trading volumes? Well, the answer lies in the feature list of white label exchange software.
Features of white label crypto exchange software:
In a highly volatile crypto market, a transaction slower by even a millisecond can attract losses for the traders. Thus, a white label exchange must be capable of processing multiple transactions in a second. This helps an exchange manage well in case of sudden volume surges.
A trading engine is the core part of a crypto exchange. A trading engine is responsible for matching the purchase and sale offers. As a result, developing an efficient trading engine is paramount.
Crypto exchanges have become a honeycomb for hackers. Thus, an exchange must come with additional security features like SSL implementation and 2FA to ensure that the funds of the traders are safe.
A crypto trader does not like to move from exchange to exchange looking for different wallets to store or exchange different cryptocurrencies. Thus, a crypto exchange platform must offer a multicurrency wallet so that the traders can trade and store multiple currencies seamlessly right from the exchange itself.
Along with the cryptocurrencies, the wallet must also support fiat to attract more traders.
· Liquidity
A highly liquid cryptocurrency exchange attracts more traders. That’s because higher liquidity ensures that the order execution wait time will be negligible.
· KYC and AML
Even when crypto is a step towards decentralization, a trader wants to engage with an exchange that is always on the right side of the law. To ensure this, the exchange must adhere to KYC and AML guidelines. Integrating the entire process in the exchange is equally important so that the platform users can easily comply.
Not every crypto trader is a full-time trader and even a full-time trader cannot always make the most of this volatile market. Interestingly, trading bots help traders execute the pre-set trades round-the-clock. These bots are based on artificial intelligence and can help traders maximize their gains.
Graphical representation of data has always helped make it easy to devise a trading strategy or understand the portfolio well. Thus, an exchange must offer basic to advanced trading charts that help novice and professional traders to enjoy a better trading experience. Even the real-time portfolio charts help traders make a quick trading decision.
Apart from these features, an exchange operator planning to buy crypto exchange software must look out for features like:
Building a cryptocurrency exchange that has the optimum feature set is a time-intensive job. Here is why you should choose to buy crypto exchange script:
A crypto exchange built using a white label solution takes a few days for the development. These are customizable and save operators a lot of time to bring an exchange concept to life
Building an exchange requires seasoned strategists, developers, the right frameworks, and marketers. This could prove to be a cost-intensive task. However, with a white label solution, the operator can save all these costs. That’s because the white label exchange is ready-made software and requires a little customization to launch.
Testing a crypto exchange could be a daunting task and can increase the time-to-market the end-product. As the white-label exchange is already thoroughly tested, the operator can save the time and money that goes into testing the final platform. Thus, it is beneficial to buy crypto exchange software.
If you are planning to build a white label crypto exchange, Antier Solutions can help. We provide a white label exchange solution fortified with market-leading features like high TPS (100,000 transactions per second), multi-currency wallet integration, powerful trading engine, instant KYC and AML verification, and more. Our white label solution can help you launch your crypto exchange platform in just 7 days.
Schedule a free demo of our white label exchange software or connect with our subject matter experts to share your needs for a custom exchange to be built from scratch.
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