Coinbase Clone - Launch An Authenticated Crypto Exchange Like Coinbase

The user base of the cryptocurrency exchange has increased in a considerable way. The signifying fact is that the global cryptocurrency size in 2021 was US$910.3 million. This would soar high and reach US$1902.5 million by the fourth quarter of 2028, according to Fortune Business Insights. The growth percentage would be 11.1% between 2021 and 2028. Therefore, without a doubt, starting a crypto business will never be a failure choice in this digital world for sure. Are you inspired to leap into the crypto world with a crypto trading platform? Make use of the Coinbase Clone Script, which would enable you to provide users with a seamless platform for trading various cryptocurrencies. 

Coinbase - A Secure & Well-Known Cryptocurrency Exchange Across The Globe

Coinbase is the largest & well-known cryptocurrency exchange platform widely available across many regions. This makes easier and more secure transactions for users to trade different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many more. The flawless functionality of this platform has become one of the key reasons for the increased user base. Yes, the platform users can exchange one cryptocurrency with another cryptocurrency. Besides this, they could even buy cryptocurrencies with the help of fiat currency. Some of the fiat currencies supported by Coinbase are GBP, EUR, USD, AUD, CAD, SGD, etc.

Highlighting Points Of Coinbase - Interesting Stats And Facts

• Coinbase is a SanFranciso-based crypto trading platform founded in the year 2012. It is the largest trading platform in the United States on the basis of the trading volume. 
• The revenue of Coinbase jumped from $1.14 billion in 2020 to $4.03 billion by the end of the first half of 2021. 
• The most notable thing that happened in 2017 is that the 50% of revenue came during this period is when the price of Bitcoin has soared from $6540 to $14782. 
• According to Business of Apps, 2017 has been the first year to witness a huge profit. Evidently saying with data, the revenue in 2016 was $16 million and in 2017 was $927 million. Seemingly, this is significant growth. 
• The company's profit in the first half of 2021 was nearly about $2.36 billion. Moreover, the number of user base in 2021 was 56 million. However, the number of active users is 8.8 million. 
• Most importantly, it is both centralized and decentralized and available in more than 100 countries with 115,000 ecosystem partners. 

Why Launch A Cryptocurrency Exchange Like Coinbase?

The prominence of Coinbase is one quite simple reason that could make individuals or cryptoprenuers develop & deploy a cryptocurrency exchange like Coinbase. Let’s have a glance at what’s so special about it as inspiring points for entrepreneurs to go deploying a similar kind of platform. 

The following are the products/items which Coinbase presents. 

Coinbase Pro: It is the most popular digital asset exchange platform that allows users or individuals to trade various digital assets in a secure manner. That is, this platform is capable of granting them crypto-to-crypto trading services. It offers real-time orderbooks, trade history, charting tools, and many other features. 

Coinbase Prime: This is an integrated & advanced digital trading platform through which users can manage crypto assets. Diversified liquidity & secure data are the key traits of this platform. Without a doubt, it is a professional crypto trading platform most suitable for well-known traders. 

Coinbase Commerce: It securely accepts various cryptocurrencies. Probably, this comprises Ethereum, Litecoin, Bitcoin, and several others. Unquestionably, it is a powerful business-oriented digital platform for supercharging cryptocurrency payments involving custom checkouts and flexible invoices. 

Mimicking the existing popular platform alongside the inclusion of Unique Selling Points would be an added advantage to make your cryptocurrency exchange most promising in the crypto sector.   

Security Features That Have To Be Given Importance While Developing Coinbase Like Platform

The Coinbase like cryptocurrency exchange has to be created with the infusion of security features apart from the general features. The following are the features that have to be given utmost importance in order to ensure the flawless transactions of cryptocurrencies on the platform. Let’s have a glance at these. 

• The Registry Lock feature will lock the domain name at the registry level itself. This brings an additional level of protection in order to avoid hijacking. And so, the hackers would not be able to change or delete the elements of the users’ domain name. 
• The authentication & detection would ensure that only the participants are allowed to trade on the platform with security. However, they could track over these transactions with a keen eye for details. 
• Domain Name System Security Extensions (DNSSE) is a set of protocols that are used to verify the domain names on the Coinbase like platform. In order to validate the data, this protocol uses both public keys as well as digital signatures.
• The KYC/AML verification ensures the identification of the users as this would avoid spam accounts being involved in cryptocurrency trading.
• Web Protocol Security ensures safe and secure transactions. This comprises the following.

• Content Security Policy (CSP)
• X-Frame-Options
• HTTP Strict Transport Security (HSTS)



At present, there is a wide range of opportunities for cryptopreneuers to start their own venture. Here’s the blog that will guide you through launching a crypto exchange like Coinbase, click >> https://thecryptotown.com/launch-a-cryptocurrency-exchange-like-coinbase/