The increasing demand for cryptocurrencies and blockchain technology is driving a rapid expansion of the worldwide cryptocurrency exchange business, which is projected to reach $4.94 billion by 2030. Due to its volatility and potential for enormous profit, the market is attracting the attention of investors as one of the fastest-growing sectors in the world.
Though you all know about the crypto exchange platform and its types. Let us have a quick look at it.
What Is Cryptocurrency Exchange Platform
A cryptocurrency exchange is an online marketplace where traders can exchange fiat money for their desired digital currency to buy or sell digital currencies.
Types Of Cryptocurrency Exchange Platform
Centralized Cryptocurrency Exchanges (CEXs) – Eg Binance, Kraken, and Coinbase Exchange.
Decentralized Cryptocurrency Exchanges (DEXs) – Eg Uniswap, PancakeSwap, dYdX, and Kyber.
Hybrid Cryptocurrency Exchanges – Eg Qurrex and Eidoo
Peer-to-Peer Cryptocurrency Exchanges (P2P) – Eg LocalBitcoins and Paxful
White Label Cryptocurrency Exchange
These are the basic thing to know for any cryptopreneur who wishes to create a cryptocurrency exchange platform. Starting a normal crypto exchange will not make you a billionaire in the current crypto market trend. Launch your crypto exchange with 150+ cryptocurrencies and advanced features to run ahead in the curve against your business competitors. Let us have a quick look at it.
Elite Features Of Cryptocurrency Exchange Platform
Crypto Staking
Staking cryptocurrency enables you to lock a specific number of coins and begin collecting interest, much like a bank account. Compared to other DeFi choices, the rates are not nearly as profitable. Even so, it’s a fantastic substitute that offers consumers comfort when they’re not trading actively.
Cold Wallet Integration
The incorporation of cold wallets into a centralized bitcoin trading platform is an essential feature that cannot be compromised. Even if hackers are able to get beyond your first level of defense, all staked and dormant cryptocurrency or other digital currencies on your exchange will be stored in cold cryptocurrency wallets and unavailable to them.
Credit Card Integration
Prominent cryptocurrency exchanges such as CoinBase and Crypto allow their users to use credit cards to pay for regular costs with their preferred digital currency. Users receive bitcoin cashback and other benefits as part of the agreement.
P2P Crypto Trading
A platform with user ratings, reviews, and other information, and to freeze payments until both sides accept the transaction. Customers with significant trading expertise can use this feature on a large number of reputable exchanges.
KYT
Know Your (Cryptocurrency) Transaction, or KYT, is the next step up in KYC best practices that businesses using cryptocurrencies must follow.
According to FATF and 5AMLD standards, KYT processes comprise analysis of all transactions and risk assessment of their participation with money laundering or other illicit activity.
Tradable Exchange Token
You may create your token and provide customers incentives to buy and trade it, such as reduced fees or other benefits, in exchange for storing your cryptocurrency token on their accounts. These are our suggested actions for
Advanced Trading Option
Integrate a yield farming solution for prolonged cryptocurrency staking as well as a different platform for the initial exchange offering (IEO) of approved cryptocurrency projects. Your users will have early access to promising tokens with the former add-on. The platform for yield farming might act as a source of cash.
API
An API connected to the user’s account extends the life of your cryptocurrency exchange beyond its own walls. Your clients can feed portfolio data and any other extra information the API can transmit to other crypto-focused services. When building a cryptocurrency exchange, keep these things in mind. Experienced traders will appreciate that you may expand into other markets by utilizing your product as the central hub.
Social Element
Users would love to compete in different leagues to win bonuses and perks.
Top 150 Cryptocurrencies In The Crypto Market
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Solana (SOL)
- Cardano (ADA)
- Tether (USDT)
- XRP (XRP)
- Polkadot (DOT)
- Dogecoin (DOGE)
- USD Coin (USDC)
- Avalanche (AVAX)
- Terra (LUNA)
- Chainlink (LINK)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Algorand (ALGO)
- Polygon (MATIC)
- Uniswap (UNI)
- Wrapped Bitcoin (WBTC)
- VeChain (VET)
- Cosmos (ATOM)
- TRON (TRX)
- Shiba Inu (SHIB)
- Filecoin (FIL)
- Ethereum Classic (ETC)
- Aave (AAVE)
- THETA (THETA)
- PancakeSwap (CAKE)
- FTX Token (FTT)
- Stellar (XLM)
- EOS (EOS)
- Bitcoin SV (BSV)
- Internet Computer (ICP)
- Tezos (XTZ)
- Dai (DAI)
- Axie Infinity (AXS)
- The Sandbox (SAND)
- Crypto.com Coin (CRO)
- Fantom (FTM)
- Klaytn (KLAY)
- Hedera Hashgraph (HBAR)
- Decentraland (MANA)
- Compound (COMP)
- Elrond (EGLD)
- NEAR Protocol (NEAR)
- BitTorrent (BTT)
- Helium (HNT)
- Zcash (ZEC)
- Huobi Token (HT)
- Synthetix (SNX)
- Waves (WAVES)
- SushiSwap (SUSHI)
- Maker (MKR)
- Theta Fuel (TFUEL)
- Harmony (ONE)
- IOTA (MIOTA)
- Bitcoin Gold (BTG)
- KuCoin Token (KCS)
- Enjin Coin (ENJ)
- Chiliz (CHZ)
- Qtum (QTUM)
- Ravencoin (RVN)
- 0x (ZRX)
- Bancor (BNT)
- Ren (REN)
- NEM (XEM)
- Arweave (AR)
- Decred (DCR)
- Celsius Network (CEL)
- Siacoin (SC)
- ICON (ICX)
- Reserve Rights (RSR)
- THORChain (RUNE)
- Flow (FLOW)
- Loopring (LRC)
- Holo (HOT)
- OMG Network (OMG)
- Nano (NANO)
- Ontology (ONT)
- Horizen (ZEN)
- Golem (GLM)
- OKB (OKB)
- SwissBorg (CHSB)
- Audius (AUDIO)
- Nexo (NEXO)
- Secret (SCRT)
- UMA (UMA)
- Stacks (STX)
- TerraUSD (UST)
- TrueUSD (TUSD)
- Ankr (ANKR)
- Livepeer (LPT)
- Energy Web Token (EWT)
- Celo (CELO)
- Perpetual Protocol (PERP)
- Band Protocol (BAND)
- Reserve (RSV)
- Serum (SRM)
- Persistence (XPRT)
- Aragon (ANT)
- Balancer (BAL)
- Injective Protocol (INJ)
- Serum Ecosystem Token (SRM)
- Venus (XVS)
- Venus BUSD (VBUSD)
- Frax (FRAX)
- Badger DAO (BADGER)
- Kava (KAVA)
- The Graph (GRT)
- Polygon (formerly Matic) (MATIC)
- DigiByte (DGB)
- NEAR Protocol (NEAR)
- Storj (STORJ)
- Perpetual Protocol (PERP)
- Nervos Network (CKB)
- Keep Network (KEEP)
- NuCypher (NU)
- Akash Network (AKT)
- Gnosis (GNO)
- Ocean Protocol (OCEAN)
- SiaCoin (SC)
- Audius (AUDIO)
- Ampleforth (AMPL)
- Injective Protocol (INJ)
- Celsius (CEL)
- BAND Protocol (BAND)
- Ren (REN)
- DODO (DODO)
- Kusama (KSM)
- Kyber Network (KNC)
- Orion Protocol (ORN)
- Status (SNT)
- UMA (UMA)
- Arweave (AR)
- Enjin Coin (ENJ)
- Thorchain (RUNE)
- Ren (REN)
- NEM (XEM)
- Qtum (QTUM)
- Nexo (NEXO)
- Swipe (SXP)
- Numeraire (NMR)
- Ampleforth Governance Token (FORTH)
- BitShares (BTS)
- Aragon (ANT)
- SwissBorg (CHSB)
- Voyager Token (VGX)
- Celo (CELO)
- Mirror Protocol (MIR)
- SwissBorg (CHSB)
Starting a cryptocurrency exchange with the integration of 150 cryptocurrencies and advanced features will give you many business benefits and high ROI.
Business Benefits Of Crypto Exchange Platform
High demand – The demand for cryptocurrencies is rising globally, and investors think there is more room for them to develop in the future. It is predicted that this trend will continue, demonstrating the strong demand for these digital assets as well as their potential for future expansion and success.
High profitability – Cryptocurrencies may be traded for profit 365 days a year, round the clock. By serving as a middleman between buyers and sellers, exchanges benefit handsomely from the trading fees associated with each user transaction.
Wide range of business opportunities – Due to the growing popularity of cryptocurrencies among investors, companies are beginning to accept them on their websites as payment methods for products and services. As more people utilize cryptocurrency for purchasing, there will be a greater need for exchange platforms since merchants depend on intermediaries like exchanges to handle transactions.
High ROI – Because they provide businesses a high return on investment and liquidity, cryptocurrency exchanges are in great demand. User popularity increases volume and demand, which expands the pool of potential profits. It is anticipated that the industry will keep growing, making it a desirable sector for corporate expansion.
Scalability potential –An exchange platform may be swiftly scaled up by a developer, who can begin with a small user base and grow it into a massive enterprise with hundreds of features and services. Developers can find the business versatile and adaptive since it can add new features to appeal to different niches like mining as it expands.
If you are looking forward to kickstarting your crypto exchange then have a quick look at the rules and regulations of the cryptocurrency exchange platform. Because it plays an important role in launching your cryptocurrency exchange platform in a hassle-free way.
Final Thoughts
Launching your cryptocurrency exchange with 150+ cryptos and advanced trading features will be a wise investment to double up your business profit. Many cryptocurrency development companies offer cryptocurrency exchange software. But CoinsQueens stands out from its business competitors by offering a ready-to-market crypto exchange platform with 150+ cryptocurrencies at an affordable price with a 100% customization option as per your business requirements.
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