Came into existence in 2009, cryptocurrency has now become so popular. And it can simply be estimated with the value of the first cryptocurrency bitcoin that has reached its maximum in the year 2017 around $20,000. With such increased inclination of masses due to skyrocketing profitability, businesses and many entrepreneurs are making their way towards cryptocurrencies.
They can start their cryptocurrency journey with several possible aspects available and cryptocurrency exchange is one of them. One can develop a while label crypto exchange business just with the development of cryptocurrency exchange software.
Before heading ahead knowing the reasons for choosing the white label cryptocurrency exchange software, we will put some light on some basic questions related to white label platforms.
Let’s start with!
What Do You Mean by White Label Crypto Exchange Software?
White label cryptocurrency exchange software is a ready-made solution developed by an exchange platform development company for those who need and want to start a crypto exchange business. Further, these ready-made platforms can easily be customized based on the business requirements. The organization can make changes like the inclusion of brand name, logo, design and other advancements without any technical knowledge. Other than this, the software is tried and tested to perform in different phases and anyone can manage them according to business needs.
Even its working fundamentals and backend database remain as it is, though a host of changes are to be made depending on the business requirements.
Why Choose White Label Cryptocurrency Exchange Software?
Considering white label crypto exchange software, it lets you start a cryptocurrency exchange in no time. Since these platforms come equipped with all the essential features required to commence your crypto exchange business journey. And you do not require to think about technical, fundamental and liquidity regarding matters as the exchange development company handles it efficiently and provides you with ready to use cryptocurrency exchange software in budget pricing and limited time duration.
The white label development company manages all the things and provides a product that can be personalized as per the client requirements with ease. Also, those who are involved in the exchange are free to fix up their commissions on trades and transactions as witnessed in any other exchange platform available.
What Are The Advantages Of White Label Crypto Exchange?
The adoption of a white label crypto exchange platform will benefit your cryptocurrency exchange business in several ways.
The white-label software platform deploys quickly without any need for many advancements. This results in saving of time and money going to spend on the development of an exchange platform. Also, it gets collaborated in no time as all the significant processes like ideation, design and technical aspect has already been done.
White label crypto exchange platforms are way more reliable than the other versions available of exchange platforms. They are easy to handle and provide built-in solutions to resolve any issues or bugs that occur.
Lowered Development Cost
Since the white label exchange platforms are ready-made solutions you are not required to go through the complete development phase to get an appropriate platform for your business idea. They are tried and tested for different phases which makes it easy to implement software. Consequently, it reduces the time and money required for development to a greater extent.
No Technical Expertise Required
If you are choosing for white label crypto software for your cryptocurrency exchange business, you are not required to possess any technical knowledge to perform certain development processes as per your business needs. So if you are a little technical sound it would even work in your favor.
Ease Of Customization
The white label crypto exchange software is made in such a way that there is no need for alterations in the database. While the companies which buy these software solutions are free to make branding alterations so that the companies which are providing cryptocurrency exchange business can use this software.
Before choosing an ideal partner for the development of your white label crypto exchange software, you must consider that the company you opted should have in-depth knowledge and experience in the field of blockchain and cryptocurrency solutions. They should comply with regulations and jurisdiction. Additionally, special attention should be paid in the liquidity and safety department of the exchange platform.
In the global market, there are numerous blockchain and cryptocurrency development companies available to deliver a white-label crypto exchange platform. You can consider one which delivers user-friendly, secure and scalable crypto exchange platforms for the global clientele to assist their crypto exchange businesses.
Here we have listed a host of features of the best white label cryptocurrency exchange software. Have a look.
- Scalable design layout
- Multi-language support
- Multi-layer security
- Bot integration
- Multi-currency hot wallet
- Geography based KYC/ AML verification
- Hot liquidity options
- Powerful trading engine
- High TPS (Transactions per Second)- able to process up to 100,000 TPS
- Referral and reward program
Other than this, the companies in the field of white label crypto software development also provide services like the development of custom exchange, platform integration with derivatives trading, margin trading and copy trading.
I hope this blog will help you understand why to choose white label crypto exchange software for your cryptocurrency exchange business.