Introduction
If you’re interested in the world of cryptocurrency and considering creating your own crypto exchange, you must have heard of Poloniex. Poloniex, known for its robust functionality, has carved a niche for itself in the crypto exchange market with millions of registered users. Fresh businesses and startups are increasingly inclined towards creating their own Bitcoin exchange software, and for good reason. The numbers don’t lie- cryptocurrency exchanges are big business. According to data from CoinMarketCap, the total market cap of all cryptocurrencies at the time of writing this blog was over $1 trillion. Trading volumes on major exchanges surpass billions of dollars daily.
Cryptocurrency exchange platform development just got a whole lot simpler thanks to digital currency exchange scripts. You can simply configure the platform to your needs, as the technical infrastructure is already in place. In this article, we’ll guide you on how you can launch an exchange platform similar to Poloniex and excel in business using crypto exchange scripts.
What is Poloniex?
Poloniex is one of the oldest and most established cryptocurrency exchanges. It quickly gained popularity due to its wide selection of tradable digital assets. Many smaller altcoins were not available on other major exchanges at the time. Its advanced features attract both casual and professional traders looking to profit from short-term price movements. Poloniex’s Bitcoin exchange script is readily being used for creating exchanges to make use of its rich traits.
Poloniex currently has 391 cryptocurrencies and 590 markets (cryptocurrency trading pairs). The most popular trading pair on Poloniex is BTC/USDT.
Does this spark your interest in learning more? Read More About Poloniex here.
Salient Features of Bitcoin Exchange Software Modeled After Poloniex
There are several features that one must include in their Poloniex-inspired cryptocurrency exchange platform development. They not only provide a prime trading experience to users but also help run the business efficiently. Here are some of those:
- Limit order – Allow users to place orders at a specific price
- Market order – Empower customers to execute orders immediately at the best current price
- Lending Platform – Allow users to lend their crypto assets and earn interest on them
- Stop Order – Enable traders to trigger a market or limit order when a preset price threshold is reached.
- Order Book System – Publicly display all open orders and market depth on Bitcoin exchange software.
- Margin Trading – Enable leveraged trading with borrowed funds.
- Token Swap – Allows for the exchange of available crypto pairs across DEX platforms.
- Multi-Cryptocurrency Wallet Integration – Store and manage multiple crypto assets.
- Advanced Security Check – Deploy robust security protocols in the Bitcoin exchange script to protect user funds and data.
- Instant Buy/Sell – Provide quick transactions without waiting periods.
- Admin and User Dashboard – Manage all aspects of the exchange using a single interface.
- Multi-Lingual Support – Reach a global audience with localized translations.
- Crypto Payment Gateway Integration – Directly accept deposits and withdrawals with major processors.
- Trade Engine – Power high-volume trading with optimized matching and order execution.
- User Analytics – Gather trading patterns to better understand user requirements.
- 24/7 Customer Support – Cater to global traders by providing round-the-clock support.
- Read More: https://www.antiersolutions.com/how-to-develop-a-poloniex-like-bitcoin-exchange-software/
