Do you know how trade happens in the stock market?
If your answer is yes, then it is easy for you to understand about the cryptocurrency exchange. A cryptocurrency exchange is just like a traditional exchange platform that acts as a connecting link between the buyers and sellers of the cryptocurrencies. Market makers undertake the buy or sale of cryptocurrencies, more often in exchange for fiat currency or altcoins.
They are different type of cryptocurrency exchanges:
1. Centralized Cryptocurrency Exchanges
2. Decentralized Cryptocurrency Exchanges or Peer-to-Peer Exchanges
3. Hybrid Cryptocurrency Exchanges
4. Cryptocurrency Brokerage Platform
Based on their business model, some exchanges provide account and wallet facilities to their users with them for all the transactional requirements.
If you are planning to launch your own cryptocurrency exchange, there are three different software solutions at your disposal.
White label crypto trading platform
Open-Source Software Solution
Customized Software Development
Out of all the above-mentioned software solution, White label crypto exchange is the most preferred one. It is cost-effective, time-saving and easy to apply.
There are many white-label cryptocurrency exchange developers who develop state of the art exchange with strong backend and better UI & UX design. Blockchain App Factory is one such company that provides white-label exchange development to run your own crypto exchange.
They provide highly secure and scalable white-label solutions that can accommodate high-frequency cryptocurrency trading and other digital assets. It will be a plug & play ready model which can assist you to launch your product straight into the market.
What to expect when you launch a white label exchange?
1. User-friendly UI & UX
2. Fiat to Crypto and Crypto to Crypto exchange solution
3. Highly secured wallet to bank the user’s digital assets.
4. Variety of currency trading pairs
5. Secured hosting
White-label Cryptocurrency Exchange has enriched the cryptocurrency world with its high efficiency and smooth running qualities. Position yourself on the forefront of the crypto revolution by having your own crypto exchange. Starting making money with every trade that takes place in your exchange. To know more about white-label exchange solution, you can visit our page or contact us overcall.