Features Checklist for Cryptocurrency Exchange Clone

Cryptocurrency Exchange Clone is a website or app clone of a well-designed, well-tested, and popular cryptocurrency exchange like Coinbase, Binance, Huobi, or more. The benefits of such cloned exchanges are that they come with all the existing features of the exchange from which they are cloned. Thus, if you plan to launch a Binance clone, it will have all the admin, user, and security features of the Binance exchange. 

Another interesting benefit of a cryptocurrency exchange clone is that it can be customized based on the operator’s requirement.  

What premium features can be integrated into the White Label Crypto Exchange?
Apart from the multi-currency support, fiat support, fast trading engine, and security hardening, some premium features can be custom integrated into the cloned exchange to place it uniquely in the market. Some of these are: 

• Staking

Not all crypto users trade their assets. Many of them just hold their assets. With staking, the token holders can earn fixed interests just like passive income. The exchange can be customized to offer quick staking and unstaking of assets so that users can earn rewards while their funds are lying idle. 

• Crypto Lending

Crypto lending is very popular in the market. That’s because it helps build a democratized lending market, unlike traditional finance where only banks can provide loans. By using crypto lending, anyone can become a lender and anyone can borrow crypto assets. The lending platforms are now being integrated with the exchanges as these also help increase the liquidity pool of the exchange. 

• P2P Trading

Peer-to-peer trading is one of the oldest ways to trade crypto. With the advancements, P2P trades have become faster and more secure. In addition to that, many crypto traders like the flexibility provided by the P2P exchanges. That is why many leading exchanges like Binance also run a P2P exchange now. 

• Launchpads

IDOs/IEOs are the hottest things in the crypto space. Popular platforms like PlasmaPay are introducing launchpads. A white label crypto exchange can be customized to include launchpads where other upcoming products can launch their tokens. 

• Advanced Trade Views 

Trade views of Bitcoin exchange software or an altcoin exchange are very important for a novice as well as a professional trader. While these views help traders to have a look at their portfolio quickly, they play a very important role in helping users plan their trades. 

• Trading Bots

Crypto trading bots are computer programs that automatically create and submit buy and sell orders on exchanges.  These orders are created based on a pre-defined trading strategy. To state an example, an exchange can offer its users a simple ETH trading bot that sells or buys ETH once it reaches a certain level or its price changes by a certain percentage. 

These bots are becoming increasingly popular because they do not trade emotionally and protect users from taking any risks. In addition to that, these bots work 24*7 so the users can sleep in peace or enjoy their weekend while the bot trades their assets on their behalf. 

• Powerful matching engine

A powerful matching engine reduces the latency. Thus, the trades will not face any delays that could lead to potential losses. Some of the powerful matching engines also include features like limit order, stop order, and stop-limit order.

Security considerations while building a White Label Crypto Exchange:

• All the user data is always encrypted.
• Registry lock to protect against hacking. 
• Protection against Distributed Denial of Service attacks (DDoS) 
• 2FA authentication
• Integration of a multi-sig wallet 
• Cold wallet storage

To wrap

Cloning an exchange has proven to be a time-efficient and cost-effective method to build a crypto exchange. Antier Solutions houses a team of expert blockchain developers who have developed clone scripts of leading cryptocurrency exchanges like Binance, Coinbase, and more. Besides, we also specialize in building a custom crypto exchange from the ground up.

Schedule a free demo of our cryptocurrency exchange clone or connect with our subject matter experts to share your needs for a custom exchange built from scratch.