With Cryptocurrencies being viewed as an effective alternative asset by investors, the market conditions are highly apt now for Cryptocurrency exchange software development.
There are different types that are available like Centralized, Decentralized, Hybrid, One Page, and Peer to Peer. Choose the right one based on your business requirements and the needs of your target audience.
The various steps involved are identifying the business requirements, complying with the regulations, adding the necessary features in the exchange, extensively testing the exchange to remove the technical bugs, deploying the software on the blockchain network, and providing technical support and maintenance services post-deployment.
The highlights of Cryptocurrency exchange software are
- Trading can be done by the users through over the counter, futures, and margin by taking short or long positions on their assets.
- The presence of hot and cold wallets for the safe storage of crypto tokens by users.
- An advanced CMS sharing all the important information on a real-time basis to the traders.
- An atomic swapping option where assets can be exchanged directly by the users without the interference of a middleman.
- Integration with an exclusive IEO launchpad so that the users can purchase new crypto tokens easily in the market.
- A crypto staking facility where users can grow their returns by depositing their assets for a certain period.
- Security steps like cross-site request forgery protection, server-side request forgery protection, two-factor authentication, jail login, an escrow system, internal traffic encryption, and HTTP Parameter pollution protection.
- API integration with different third-party services.
Get started with Cryptocurrency exchange software development soon and obtain a huge competitive edge in the market.
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