How to Launch your White Label Crypto Trading Platform Exchange in 7 days?

Before entering the cryptocurrency market with an exchange, you should be aware of the latest trends in the crypto market. Dedicating your research vabout prominent features of the crypto exchange and the best-performing cryptocurrencies of 2022 that are attracting crypto users might also help you make the right decisions for your crypto exchange platform.

It is ideal for businesses to know what they want their business to look like before they share requirements with a technology provider. Know the pain points, challenges, needs, and habits of your customers and explore how concerned they are about security, liquidity, functionalities, availability of trading options, legislations, compliances, volume, etc.

When you want to target a particular region, you must know about the regulatory requirements of that region. Regulation might affect business models, taxation, and a variety of trading instruments that can be offered to customers. Therefore, it is ideal to check out the white label cryptocurrency exchange software demo of various solutions and then choose according to the regulatory requirements of your target region.

The type of crypto exchange you want to develop would impact the choice of white label crypto exchange software solution you would require. Prominent types of crypto exchange platforms include decentralized, centralized, P2P, hybrid, or derivatives crypto exchange.

There are various components that you would need to examine to check if the white label crypto exchange software is worth your investment. The five crucial components are the trading engine, clearance and settlement layer, support mechanism, admin control panel, user interface, etc.

Liquidity is one of the key factors that customers consider while choosing a cryptocurrency exchange. Better liquidity gives assurance of faster trade executions. You may choose from leveraging Tier 1 liquidity solution (provided by third-party providers in exchange for commissions) or a liquidity aggregator solution (that offers liquidity collected from different liquidity providers).

Assure that white label crypto trading platform is compliant with various security protocols as your end goal is to provide your users with a safe place to trade. Some key procedures that your business must surely be compliant with include KYC (Know Your Customer), KYT (Know Your Transaction) and, AML (Anti-Money Laundering).

There are various regulatory risks associated with launching your cryptocurrency exchange platform. However, regulatory aspects pertaining to various crypto assets and trading may differ from country to country. Make sure to consider hiring a legal team of advisory experts and counselors that works globally.

There are plenty of white-label crypto exchange providers when you search over the internet but not each one of them is reliable. You must count on a genuine, professional, and reputed technology provider that offers a white label solution with technology potential that compliments your business’ growth potential and pace.

For making sure that your exchange delivers timely customer support, you would need a mix of AI bot and human assistance. An effective customer support technical and other-platform related answers to queries 24*7. Your crypto exchange white label software development partner can suggest best practices for a robust customer support system.

The payment processor is going to play lead a role in delivering an optimal user experience. To offer your customers a secure, fast and convenient fiat payment option, always consider choosing a prominent payment processor that offers a myriad of online facilities and unparalleled user experience through payment efficiency.

Many crypto exchanges lose their valuable customer base and a thousand dollars due to fallible, inefficient security systems and loopholes. Consider examining security features through a white label cryptocurrency exchange software demo. Also, ask the providers if the systems are fortified with two-factor authentication, data encryption, HTTPS authentication, registry lock, jail login, SQL injection prevention, and other industry-approved security features.

After you have gone the extra mile making sure that your exchange has all the advanced features, essential security protocols, and necessary regulatory compliances, the next step is to test everything you have put for implementation. This is where beta testing kicks in to ensure zero errors before the launch.