Crucial role of exchange development in crypto trading

The digital coins have undoubtedly revolutionized the way everyone looks at the current trading industry. After the birth of Bitcoin, plenty of other crypto coins has appeared within a short time span. Litecoin, Ethereum, Monero, Dash have been extremely profitable over the past years.

The upcoming of new investors in the second half of 2017 upsurge the price of cryptocurrencies. The price of Bitcoin has increased from about 371 USD in Jan 2016 to over 13 thousand by Dec 2017.

The potential of participating in very high returns presented by the crypto market caused huge interest for investors. The Coinbase users in the U.S. has increased from 0.4 million in Jan 2017 to 4.3 million by Dec 2017.

THE UNEXPECTED GROWTH OF CRYPTO EXCHANGES

With the boom in crypto coins globally, the development of crypto exchange software has raised. Major crypto trading platforms within the worldwide market have been including more than 100,000 users per day.

To have a reliable crypto exchange software is extremely important for the traders to identify genuine ICOs launching by many startups. When it comes to crypto exchange software development, it’s a complicated procedure and needs professionals to work persistently.

WHY CRYPTO EXCHANGES

As per the study conducted by Satis Group, a crypto trading volume will rise 50% in the upcoming year of 2019. The volume of digital coins traded in the US will surpass the trading volume of the corporate debt current year. The tendency demonstrates that crypto trading volume is ready to extend 10% of the equity trading volume in the biggest stock market. Presently, the volume of U.S. equities is predictable to be more than US$74 trillion while that of crypto trading is US$7.3 trillion.

NECESSARY FEATURES THAT EVERY EXCHANGE SHOULD HAVE

On the basis of ability to match the selling and purchase orders, one can decide whether an exchange is proficient or not. An exchange should facilitate the functionality of different crypto wallets (Hardware/web/desktop/mobile). It offers a user-friendly experience to merchants and traders.

A powerful exchange should also comprise two-factor authentication, as well as tickets support to transfer digital coins safely through different wallets. If a crypto exchange software solution comprises these basic features, it stands apart from the competition.

Another most significant factor for reliable crypto exchange software development is data safety. Trading platforms store huge amount of sensitive information and manage coin deposits as well as withdrawals. With white-label crypto exchange software development solutions, your traders will get high security to their fund & sensitive personal information with encryption technique.

Cryptocurrency exchanges are also liable to offer minimum security standards especially when it comes to secure password checks. There is plenty of white label crypto exchange software that does not offer password strength assessment tool throughout the procedure of trader’s account setup. Therefore considering the level of safety and licensure of a crypto trading platform should be one of the top primacies while looking over its development procedure.

SCOPE OF EXCHANGE DEVELOPMENT FOR ROBUST TRADING PLATFORMS

Are you looking for the best white-label crypto exchange software provider or want to develop your own crypto exchange software?

Generally, the development of an exchange platform from scratch need time, and you have to face some boring development phases. It demands huge investments as well. If you need an easier and advanced practice, then you should approach a leading Exchange Development Company.

There are plenty of digital asset trading platform development companies which understands the importance of security for any crypto exchange, which is why it takes steps to ensure users' fund are kept safe. Many offers mobile app development services for crypto exchanges as well, allowing users to buy and sell cryptocurrencies on the go with as much convenience as possible.

WHY YOU NEED EXPERT DEVELOPMENT SERVICES FOR EXCHANGE

The best trading software encompasses a scalable architecture that can scale-up to overcome increased transaction loads.

• The development team must be proficient to develop secure software based on the most recent standards in the FinTech industry.

• Developers need to keep themselves updating continuously to serve pioneering exchange solutions globally.

• Trading platforms must optimized in parallel with the preparation of production which reduces time to market.

• Experts need to deliver prompt and high-quality development services. An alternative for traders who are frustrated with poor levels of service elsewhere.

• Bitcoin exchange white-label solutions includes an ability to handle numerous operational aspects with easiness in developing, planning, etc.

SUMMING UP

The crypto market is still fresh and has a lot of possibilities for thrilling new concepts. It is significant to implement the important features into crypto exchange software development. If you face any challenges, if you have any thoughts about blockchain, crypto currencies, or something else relevant to your crypto exchange business you can contact the best exchange development company.

Max Hunt is a very early Bitcoin adopter and knows the who’s who of the Crypto world. He's been in the Bitcoin fraternity for a long time, and explores various nuances of crypto exchange development