While the digital asset exchange market is gaining clout with every passing day, the competition is still quite intense. Hence this is the right time to buy a white label crypto exchange solution to reap rich benefits.
Significance of a White label crypto exchange solution
It is referred to as a readymade platform with all the necessary features in-built. The original license will be held by the software provider. While the basic elements of the product cannot be modified, the client can customize the package according to his brand name, logo, UI/UX design, and color themes.
Building a successful platform from scratch requires huge investment in time and resources. Hence, a White-label crypto exchange solution serves as the right bet since it has been readily developed, extensively tested, and immediately available for usage.
How a White label crypto exchange solution can transform a business
It arrives in the form of a complete product equipped with the necessary tools and techniques. Hence, a firm can instantly launch its trading platform under its own brand name without investing in any additional infrastructure.
Users can fulfill their needs by customizing the final version of the product. Clients have full freedom to determine the commission to be charged for executing trades and choosing different cryptocurrency pairs.
Clients can also formulate a procedure for legalizing its product alongside complying with the KYC (Know Your Customer) and AML (Anti Money Laundering) guidelines.
Advantages rendered by a White label crypto exchange solution
- Quicker deployment – The creation of software requires huge investment in time and hiring quality human resources. It also needs involvement in different stages such as ideation, designing, and technical development. Firms that cannot spend so many resources would prefer buying a white label crypto exchange solution to save money and time.
- A higher level of reliability – Since experienced developers will build the white label cryptocurrency exchange solution, the end-product will be highly reliable. There will not be any compromise on quality. The provider will also render round-the-clock technical support to resolve any issues and glitches.
- Reduced labor expenses – Hiring a set of developers, designers, project managers, and marketing experts would involve a huge loss of time and money. Since the software development process is entirely outsourced, it will reduce the labor cost significantly.
- Promotes better brand awareness – Though the external party provides the software, customers will be confronted with the name and logo of your brand only. Firms have freedom in deciding the logo, color, and name according to their choice
- Useful for those who lack technical expertise – Since a well-versed team handles the development part effectively, those who lack technical knowledge need not worry about using a white label cryptocurrency exchange solution. A Limited understanding of basic operations would be enough for handling the final version of the product.
Must-have Features in a White label Crypto exchange solution
- Availability of sufficient liquidity by forming API’s with the leading exchanges in the market. It will help in handling huge trading volume.
- Escrow services through the presence of a smart contract that handles all the daily operations with ease.
- An exclusive investor console to monitor their accounts, expected returns, current prices, and market movements.
- A robust admin panel that monitors user activity and reports any suspicious actions. It also activates the addition of new currency, records data of recent transactions executed, manages the various trading pairs, and determines the commission to be collected by the platform.
- Multi-device compatibility so that it works seamlessly across different platforms and operating systems.
- Presence of profitable options such as margin trading that yield higher returns.
- Integration of multiple payment gateways for smooth settlement of transactions.
- Presence of numerous wallets for storing coins or tokens securely.
- Inclusion of value-adding features like atomic swaps and preferred trading.
- Top-notch security measures like two-factor authentication, database encryption, anti-DDoS steps, and firewall implementation.
- Real-time provision of data analysis through graphs and charts regarding price changes and market movement.
- Offering facilities like Initial Exchange Offering (IEO) and Security Token Offering (STO).
- Support for multiple order types such as market order, limit order, and stop-loss order.
The process to follow for establishing a White label crypto exchange solution
Initially, the requirements of the business firm must be studied deeply. Compliance with legal regulations is required to be followed. A customized theme should be designed after extensive research and collection of information. This is followed by setting up a default exchange with some features based on the brand’s visual identity. It should be executed within a scalable timeline. Then, the configuration should be done for integrating liquidity and market makers. Afterward, additional tokens or trading pairs can be integrated into the platform. The server will be set up after a thorough security audit is executed by a competent third-party. It will ultimately be deployed into production after being run for a beta period. Training needs and technical support will subsequently be taken care of. Further, marketing campaigns can be carried out for promoting the benefits of the product to the target market.
Hence choose an experienced provider for getting your white label cryptocurrency exchange solution delivered. Make sure that it meets your needs of scalability, customization, and security.
While cutting-edge technology is a necessity, ensure that your final product lands to your target audience in a faster time. It should ultimately result in efficiency in executing daily operations through risk monitoring and advanced alert settings. Quicker customer onboarding should be facilitated.
Hence, follow the above guidelines and acquire a white label cryptocurrency exchange solution for fulfilling your business objectives and become part of a revolutionary trend.