Crypto exchanges are money-making, trade to use, and a successful element for crypto business. But what goes into building a successful crypto exchange? Or, more significantly, how much do you need to spend on developing a crypto exchange?
Being an entrepreneur, you must work out the rough development cost of cryptocurrency exchange if you have an idea in your mind. After all, it is one of the most important elements of your business. So, how much will you have to spend, and how will you create and launch your own digital exchange in the competitive market? What are the more important aspects and areas?
Before answering all the questions given above, let’s start with some primary statistical data! Startups are keeping abreast of the cutting-edge technology trends to launch a crypto exchange on the market. That’s the reason why crypto exchanges have been gaining traction with every passing day.
“More than 50% of the businesses that came with crypto service have gained significant profit”.
With crypto exchange services becoming an important part of a trader’s life, a cryptocurrency exchange app is essential that most users, traders, and investors look forward to.
Why are Cryptocurrency Exchange Development Solutions Important?
When you think about the crypto trading business, you need to plan it effectively. And then things don’t end here only; you may even need to stand in a unique market. It could be potentially strong, and hence many crypto exchange development companies came up with the right solution. When it comes to crypto exchange development, a Whitelabel cryptocurrency exchange script has become a preferred choice among business people.
The cryptocurrency exchange business is experiencing incredible growth, and it is expected to grow by nearly 30% every year.
Here are some of the major facts about the Crypto exchange industry that you should know.
- More than 60% of the crypto exchange is owned by small businesses; hence it does not require huge investment.
- More than 60% of the total crypto trade comes from cryptocurrency enthusiasts and speculative investors.
- Most crypto Exchange businesses are usually launched by the mid of the year.
- Nearly 50% of the startups started to accept crypto effectively.
Why Invest in Crypto Exchange Development?
A cryptocurrency exchange is one of the most popular business models at the moment. Several wealthy users and leading investors appear to have been waiting for a high liquidity crypto exchange that would allow them to trade cryptos and they believe that crypto is the biggest investment. According to the research, almost more than 300 million users choose to use the crypto exchange to trade in cryptocurrency per day.
The rise in crypto exchange usage has created a slew of new chances for leading investors and new businesses to profit. The crypto trend isn’t going away anytime soon, and users have grown accustomed to crypto trading services, making such apps an excellent investment. Let’s discuss some of the astonishing facts and figures:
- People spend 92 percent of their smartphone time on crypto exchange applications, which is good news for the crypto exchange sectors.
- In July 2021, Visa launched its partnership with 50 crypto companies, including FTX and Coinbase. Through this partnership, Visa enables its clients to spend and convert cryptocurrencies through its card program.
- In August 2021, PNC Bank declared its partnership with Coinbase, a cryptocurrency platform provider. Over this partnership, the bank offers digital currency solutions to its clients.
- In September 2021, Crypto.com declared its partnership with Fnatic, an esports organization. Over this partnership, the former company aims to develop its portfolio of partners.
- In October 2021, CoinSwitch Kuber, a crypto exchange platform provider, raised more than USD 260 million in funds.
How Does A Crypto Exchange Benefit for Startups?
Given the success of many popular crypto exchanges, startups to large businesses are venturing into developing crypto exchange platforms like Binance, LBC, Wazirx, FTX, CoinDCX, Coinbase, and more. This has escalated the popularity of the Cryptocurrency exchange script.
What is Cryptocurrency Exchange Script?
The Cryptocurrency Exchange script is a ready-made and 100% bespoke cryptocurrency exchange website script that incorporates all of the trading features and UI while allowing for customization. It is constructed to safeguard privacy and adhere to the crypto exchange’s terms and conditions. Empowered with potent features like Rapid transactions, Wallet support, Liquidity, Security, Payment options, Launchpads, KYC/AML, and Transaction history display, Crypto exchange attracts millions of users.
Despite many variations in the market, users can earn a certain level of profits and promote their brand to a greater establishment. Based on your business expectations, every feature can be personalized.
You can customize it by adding or removing features and arranging them according to their specific needs and requirements.
Types of Cryptocurrency Exchange Development
- Centralized Exchange Development
- Decentralized Exchange Development
- P2P Exchange Development
- OTC Crypto Exchange Development
- NFT Exchange Development
- Hybrid Cryptocurrency Exchange Development
Features of Cryptocurrency Exchange Script
- Multi Cryptocurrency support
- KYC and AML
- Multi-layered security
- High transactions per second
- Liquidity option
- Powerful trade engine
- Hot and cold wallet
- Advanced admin panel
- Peer-to-peer exchange option
- Smart contract deployment
Top Cryptocurrency exchange platforms in 2022
- Binance
- Coinbase
- Kraken
- Localbitcoins
- Paxful
- Remitano
- Poloniex
- Bitstamp
- Kucoin
- Wazirx
- Bitfinex
- Zebpay
Benefits offered in Cryptocurrency Exchange Script
- 100% customizable
- Cost efficient
- High ROI
- CSRF/SSRF Protection
- Interruption Less trading experience
- Round clock order history
- Live tracker
- Atomic swaps
- Margin trading
Development by white label solutions- An Efficient Profitable Way
Inheriting various types, a cryptocurrency exchange website can be selected and developed according to the user’s business needs. Building from scratch can be made profitable yet it would be more time-consuming with a need for many resources and is of high cost.
While bringing in the picture of white label solutions, the whole development process can be an easier and quicker method. If a client requires an instant solution to be attached to their business and witness higher profits, white label solutions can be the perfect choice along with customization options in both features and functionalities. Yet the choice depends or varies on the owner’s option to meet their own requirements and get satisfied.
Why Choose Hivelance To Develop Crypto Exchange Development?
There’s no denying that crypto exchange platforms are the future of technology, and businesses need to embrace it soon.
If you want a professional cryptocurrency exchange development company, we can help you out!!
Hivelance is a leading cryptocurrency exchange script development company that has a dexterous team of talented developers and creative designers to turn your idea into a worth using the exchange.
- On-time delivery
- Team of best developers
- Rendition of 50+ crypto projects
- Quality assurance team
- Round-clock customer support
- Advanced chartered tools implementation
- Preference is given to your requirements
- Valuing your needs as ours
- Post delivery support
- Guidance throughout every phase of development
Our developers have successfully made many crypto exchange platforms and delivered more than expected. Contact us to get the 100% bug-free and multi-tested cryptocurrency exchange script that may primarily grow your business without breaking the bank balance.
Conclusion
A cryptocurrency exchange script is a perfect solution for enterprises willing to enter the crypto exchange space with a robust structure and impeccable user experience. The cryptocurrency exchange script not only helps in developing the solution without wasting time but also consumes development costs and capital expenditure for the enterprises.
Connect with the experts at Hivelance to share your needs for the cryptocurrency exchange script.
