From Bland To Brilliant: Building Advanced Crypto Exchange Software in 2023

The onset of 2023 witnessed a robust cryptocurrency market, and as the year progressed, we observed market fluctuations and the entry of several innovative players with new products into the market.

“The global cryptocurrency market, valued at USD 2,191.25 million in 2022, is expected to expand at a CAGR (compound annual growth rate) of 11.6% during the forecast period (2023–2022).”

Source: Polaris Market Research Analysis

As the cryptocurrency market continues to mature, the demand for advanced crypto exchange software with leading-edge features is on the rise. However, setting up a cutting-edge crypto exchange from the ground up can be a challenging, time-consuming, and resource-intensive task. Fortunately, by harnessing the experience and expertise of a top-notch cryptocurrency exchange software development company, one can get their digital asset trading platform up and running within their desired timeline and budget.

In this blog, we will explore:

• How to stand out In a sea of sameness: Key features of Advanced Crypto Exchange
• Benefits of Setting Up Advanced Crypto Exchange Software

How to stand out In a sea of sameness: Key features of Advanced Crypto Exchange

To gain a competitive edge in this fiercely competitive market, an advanced trading platform must offer exceptional features and performance. Let’s study the features that must be integrated while building an advanced-level trading system for modern traders:

• Staking:

This crypto exchange software development feature empowers users to lock their funds for a specific time and earn rewards as per the APR (Annual Percentage Rate). However, the platform may facilitate flexible or non-flexible lock methods, depending on their preferences. 

• Peer-to-Peer Trading (P2P)

The P2P crypto trading module enables customers to trade directly with each other. Users can post buy/sell advertisements for their preferred digital assets and make bids on other advertisements as well. 

• Merchant Payment Gateway:

This feature breaks down boundaries and opens up avenues for cryptocurrency in physical markets. The SDK integration in cryptocurrency exchange software enables businesses to add a new payment gateway to their line of business, enabling them to receive payments in cryptocurrencies. 

• Prepaid Cryptocurrency Cards:

The prepaid crypto card works just like a normal prepaid card. It has two types. A crypto card needs to be loaded with a crypto balance for crypto transactions, whereas a fiat card automatically deducts funds equivalent to the purchase from its fiat balance. 

• NFT Marketplace And Collectibles:

By integrating these features within the crypto exchange software solutions, businesses can enable customers to mint, send, receive, and store NFTs. A platform can allow lazy, regular, or bulk minting and also choose to integrate a primary or secondary NFT marketplace.

• Launchpad:

A launchpad allows platform owners to create a pool and fundraise. Project owners can mint new tokens and determine project details in alignment with their end goals. Businesses can also view and manage the raised funds, whitelisted addresses, and token distribution. 

• Over-the-counter Trading Module:

The OTC cryptocurrency exchange software development feature enables traders to trade high or low volumes instantly without incurring slippage costs. Through appropriate API integration, the buy/sell request can be offloaded to an external platform, and therefore, liquidity can be managed. 

• Crypto Betting:

The module lets people make money on price movements through speculation and betting. The criteria and settings for betting can be conveniently managed from the admin panel on crypto exchange software.

• Social/Copy Trading:

The trading bot copies the trading style of other traders under a given market condition and automates order processing. The module records and displays the trading data and patterns of various users along with their performance, allowing other traders to pick the best one to copy. 

• Crypto Loans:

This cryptocurrency exchange software development feature enables businesses to lend money in terms of fiat against their digital assets. Project owners can decide the LTV (Loan-to-value) ratio and recover their funds with margin and liquidation calls in case crypto funds fall short as per the permitted loan value.

• User Chat:

The incredible feature allows real-time sending and receiving of messages, enabling users to interact with each other. Users can search for user names and initiate a chat with people on the crypto exchange software. 

• Grid Trading:

Grid trading bots let users set grid numbers, initial investments, the highest and lowest amounts, etc., and automate their orders based on those grid parameters. These trading bots make an ideal feature for businesses implementing the best features within their digital currency exchange to enhance the user experience. 

• Derivatives and Perpetual Futures Trading:

Perpetual futures trading allows traders to hold a position for as long as they want. The cryptocurrency exchange software platform owners or administrators fix the initial margin and other parameters to ensure that the platform aligns with their end goals.

• Native Token Integration:

Native exchange tokens can be introduced to promote the platform. Depending on the business objectives, these tokens can provide discounts to users on trading fees and much more. A crypto exchange software solution can have one or more native tokens. 

• Price Alerts:

These crypto price alerts are push notifications notifying users when a crypto value reaches the selected threshold. Such alerts allow users to manage their funds and positions effectively, enabling them to execute trades at the most favorable times.

• VIP Accounts:

This game-changing crypto exchange software development feature allows admins to create diversified categories of users with custom fees and certain restrictions and permissions. Businesses can set taker and maker fees, withdrawal and trade limits, and several restrictions on a specific pair for different account types.

• Margin Spot Trading:

The margin trading module allows traders to leverage their positions using borrowed assets (from a broker). It enhances the buying power of traders and lets them make huge profits. The rules imposed by the cryptocurrency exchange software platform determine LTV, initial deposit, etc.

• Lending and Borrowing:

The admin-to-user and peer-to-peer lending-borrowing modules allow users to lend and borrow funds against their crypto or fiat collaterals. As in crypto loans, margin and liquidation calls are made to recover funds when the LTV ratio is disturbed. 

Related: Ideal Features of a White Label Crypto Trading Platform

Benefits of Setting Up Advanced Crypto Exchange Software

• Competitive Advantage
• Increased User Engagement
• Brand Recognition and Differentiation
• Attracting New Users
• Enhanced User Experience
• Word-of-mouth Marketing
• Increased Trading Activity
• Partnership Opportunities
• Media Coverage
• Increased Monetization Opportunities
• Adaptability to Market Trends
• Act as Unique Selling Propositions
• Robust Community Building
• Long-term Sustainability
• Innovation Leadership

Related: Benefits of a white label crypto exchange

Final Thoughts:

In the fast-evolving cryptocurrency market of 2023, launching avant-garde cryptocurrency exchange software fortified with market-leading features is a strategic move. If you are interested in building a thriving digital currency trading platform that can cater to the evolving needs of modern traders, harness the unparalleled expertise of Antier in building high-end trading venues. Embrace the opportunity to develop an innovative and user-centric exchange that contributes to the growth and maturation of the cryptocurrency ecosystem.

Share your unique requirements to start your game-changing crypto exchange software development!