Insight Into Types Of While Label Crypto Exchange Software and Their Benefits

With thousands of cryptocurrencies available in the market, the users get access to a wide variety of cryptocurrency exchanges. However, exchange businesses should choose the feature-rich white label crypto exchange software that is reliable and secure.

Let us now take a sneak peek into top cryptocurrency exchanges.

Centralized Exchange (CEX)

Many of the world’s largest cryptocurrencies belong to this platform. The exchange has a centralized operator that looms after the buying and selling of the cryptos. It works the same as a traditional stock exchange as it has representatives to handle all the operations.

Decentralized Exchange (DEX)

It is rated as the safest cryptocurrency exchange software because the parties carry out the transactions itself. They have their private keys and token codes. It works on the concept of Smart Contracts.

Hybrid Exchange

It is a next-gen white label crypto exchange that consists of the security of DEX and usability of the CEX. The hybrid bitcoin exchange software matches the off-chain orders of the users and updates their balances instantly. This exchange has the features of both centralized and decentralized exchanges, so it is hack-proof and convenient to use too.

P2P Exchange

The term Peer-to-peer (often P2P), It is an exchange of assets at a crypto marketplace between participants with no central body involvement. However, in the trading context, going peer-to-peer means it allows buying and selling to negotiate on asked price before token/coin is transferred. By nature, P2P takes a decentralized approach which supports direct interactions between individuals & groups.

Security Token Exchange

Security Token Exchange Development Team of Espay has created an Exchange solution for tokenized assets, liabilities, securities which is compliant with guidelines of SEC. This Security Token Exchange Solution is secured, reliable and safe for your users to trade on.

With the emergence of new technologies, this new Asset trading platform will come under the bracket of alternate trading system for Cryptocurrency Exchange. Espay Security Token Exchange Software is compatible with utilities as well as securities.

Top Benefits of Various Types of Cryptocurrency Exchange Software

The white label crypto exchange platform use 3-point architecture, and DB encryption, which makes it more reliable and secured. This software is ready to use and offer high returns. Moreover, exchange businesses can avoid long development cycles and save their efforts and time.

Centralized Exchange platforms are more famous, and hence, they have high liquidity compared to others. Moreover, most of the platforms support fiat currency and facilitate investors to accept payment through their banks, and credit/debit cards.

Decentralized Exchanges offer more security to investors since they don’t have to share their details with brokers. Buyers and sellers can transact directly. This platform uses encrypted technology and private keys that do not make the transactions vulnerable to any hacks.

Hybrid Exchanges include the features of both centralized and decentralized systems. They are more convenient, secured, and offer high liquidity and volume.

Peer-to-peer currency exchanges support quick transfers and offer considerable savings over banks. P2P exchange development is on the rise at a fast pace by delivering a lower-cost alternative to individuals as well as small businesses.

STE is a scalable asset-backed token exchange with a real-life value that offers actively managed fund of crypto and real-world assets.

Conclusion

All while label crypto exchange platform has significant advantages. Exchange businesses can consider the various parameters like security, liquidity, privacy, fiat currency support, integration with the banking system, local government policy, and much more before opting for exchange solutions.

Espay’s exchange platform is secure, reliable, and feature-rich. It helps established exchange businesses extend their services and startups to attract more traders offering smooth experience to traders.

Espay Exchange is a leading & specialize in the security token exchange, forex exchange solutions and cryptocurrency exchange software development company.