Best Cryptocurrency Exchange Development Company

According to crypto analysts, the global cryptocurrency market will reach an astonishing $5 billion value within this decade.

The growth of crypto verse is phenomenal post-pandemic and made millions of users invest in cryptocurrencies using their hard-earned money.

Cryptocurrency, also known as virtual currency or crypto, is a digital asset that is used digitally to invest or buy something. It is considered the best alternative to fiat currencies and paves the way for paperless transactions. 

Cryptocurrency-related transactions are recorded and verified using cryptography in a decentralized and immutable network called blockchain or distributed ledger. 

Some popular virtual currencies are Bitcoin, Ethereum, Binance coin, etc., while Bitcoin is the most famous and valued cryptocurrency, whose current value is $15916 (USD).

Cryptocurrency is a digital innovation that will redefine traditional trading and revolutionize many industries. It also provides a new outlet for personal assets that eliminates restrictions and seizure.

Currently, there is a demand for crypto projects like cryptocurrency exchange development, cryptocurrency development, etc.

Among the above, cryptocurrency exchange platform development is the most remunerative and preferred venture!

This blog focuses on the cryptocurrency exchange platform, and all the information is gathered and crafted accurately from a beginner-friendly perspective.

Now, let’s get started with its definition.

Cryptocurrency exchange platform and its development

A cryptocurrency exchange platform allows users to trade cryptocurrencies in a decentralized environment. Some top cryptocurrency exchange platforms are Coinbase, Kraken, Gemini, Binance, etc.

These platforms allow users to maximize their investments in a short span based on their proficiency in digital trading and crypto market awareness. 

The monetizing nature of cryptocurrency exchange platforms is the reason for the soaring demand for a more advanced cryptocurrency exchange platform development.

To cope with the above demand, tech providers adopt cutting-edge technologies and proven methodologies to enhance their cryptocurrency exchange development processes. 

Cryptocurrency exchange development represents building a reliable cryptocurrency exchange platform with ground-breaking features.

I hope you are familiar with the features to look out for in a comprehensive cryptocurrency exchange platform!

If you aren’t, let me describe them in the next section.

Features to look for in a cryptocurrency exchange

Some of the salient features of cryptocurrency exchange development are

• All-inclusive Admin Panel
• User verification and authorization
• Multi-featured User Panel
• Crypto Wallet & Payment Integrations
• Analytics
• Trading Engine
• Transaction history and order book

All-inclusive Admin Panel

The cryptocurrency exchange platform comes with a dedicated admin panel that provides all the essential tools required to manage the operations of any crypto trading platform. Some features include crypto listings maintenance, user support, managing platform fees & credit or debit funds, etc.

User verification and authorization

Cryptocurrency exchange platform contains mandate user verification (anti-bot) and authorization features (two-factor authentication) to simplify user onboarding and avoid fraudulent activities.

Multi-featured User Panel

The user panel is one of the crucial features of any cryptocurrency exchange application that provides a seamless interface to allow users to manage orders, view key statistics, trade, exchange, and withdraw assets without the intervention of an intermediary.

Crypto Wallet & Payment Integrations

Crypto wallet allows users to send, store and receive digital assets, safeguarding the public and private keys. The payment options enable users to buy cryptocurrencies via multiple options like credit & debit cards, net banking, etc.

The cryptocurrency exchange platform includes multi-wallet (hot and cold) and multi-payment integrations to enable a seamless crypto trading experience.

Analytics Tool

The function of dedicated analytics tools is to enhance user decision-making processes to maximize their crypto investments. Some of the iconic features of analytics tools are live data tracking and future price estimations while displaying average prices, most bought zones, volumes sold, etc.

Trading Engine

The platform must contain a powerful trading engine whose function is to track placed bides & open orders, find new trades, handle transaction execution, update order-book, market prices, etc.

Customer support 

Cryptocurrency exchange platforms must include a dedicated user support panel to help users quickly resolve their queries and concerns. Users prefer to fix their issues by talking directly to a customer representative rather than chatting with a bot.

Many leading Cryptocurrency exchange development company incorporates the above features during cryptocurrency exchange platform development, but they can be tailor-made according to the business requirements.

Next, let us get to know how the Cryptocurrency exchange operates.

Working principle of Cryptocurrency exchange application

A user can get started with their Cryptocurrency trading simply by following the below steps:

• First, select a platform and then create an account.
• Next, integrate or create a cryptocurrency wallet and add sufficient funds to trade.
• Buy your preferred cryptocurrencies. 

(Tip - Do not forget to maintain funds in the crypto-exchange platform).

• Store the cryptocurrencies in the wallet.
• Finally, begin your digital trading.

Both Cryptocurrency exchange platform and crypt broker operates in the same manner. They both have a few discrepancies, which are described below.

Difference between Cryptocurrency exchange and crypto broker

Cryptocurrency Exchange

As already stated, a Cryptocurrency exchange is an online platform or an application that allows users to trade one cryptocurrency for other currencies or fiat currencies based on existing market value. 

These exchange platforms usually charge transaction and trading fees, and the trader must be well aware of the crypto market and trading processes to trade efficiently on Cryptocurrency exchange platforms.

Crypto Broker

In contrast, a cryptocurrency broker can either be a firm or an individual that functions as an intermediary and help users to trade cautiously across online crypto markets. They allow customers to buy and sell cryptocurrencies at variable prices. 

In addition, crypto brokerage firms like Bitpanda provide online financial services for which they charge some premium service fees.

I hope you got an insight into the basics of the Cryptocurrency exchange platform!

If you are an entrepreneur who wants to start a remunerative Cryptocurrency exchange or crypto broker project then keep reading.

Some globally renowned firms like Maticz offer the finest Cryptocurrency exchange development services to help entrepreneurs and startups seamlessly launch a top-notch Cryptocurrency exchange platform or applications.

Cryptocurrency Exchange Development Company

Some of the best Cryptocurrency exchange development company, helps you develop and deploy a futuristic Cryptocurrency exchange application with the following versatile features,

Features (Admin) - ardent admin panel, affiliate programs, launchpad and liquidity API management, dispute management, multi-language support with social media handles, etc. 

Features (Users) - Spot, P2P trading, OTC, derivative, copy & margin trading, multi-wallet and payment options, dispute system, multi-language assistance, and much more.

Maticz also offers customized and white-label Cryptocurrency exchange development services like centralized, decentralized, hybrid, OTC, P2P, and escrow based on industries. In addition, they offer meticulously curated Cryptocurrency exchange application development for mobile.

They offer end-to-end Cryptocurrency exchange development services like brainstorming, blockchain selection, smart contract development, features incorporation, front & backend development, testing, deployment, and post-launch support.

Maticz expertise helps you turn innovative cryptocurrency exchange concepts into the best trading platform.

Summing Up

To conclude, the crypto space is generating millions of revenue every month, and the growth of this market is unstoppable. Some experts believe the cryptocurrency market will sustain its glorious phase and create milestones within this decade.

Gain knowledge on cryptocurrency trading and invest a fraction of your earnings in cryptocurrencies.

If you are an entrepreneur, I strongly suggest you waste no time and launch a feature-packed Cryptocurrency exchange platform by teaming up with the industry-leading Cryptocurrency exchange development company.

Transform your unique ideas into a lucrative Cryptocurrency exchange trading platform by availing best-in-class Cryptocurrency exchange development services.