jack richer
by on December 11, 2021
92 views

With conventional financial assets not providing high returns to investors, digital currencies are proving to be a viable alternative. Likewise, people are putting in huge amounts of money on Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), etc. Are you that entrepreneur looking to offer round-the-clock trading services to investors across the globe? Initiate cryptocurrency exchange development now. 

 Know the meaning of a crypto trading platform? 

  • It is a blockchain-powered marketplace where users can buy, sell, and exchange assets. They can select options like crypto-to-crypto, crypto-to-fiat, fiat-to-crypto and crypto-to-stablecoin. 
  • For instance, a crypto exchange can operate on blockchain networks like Binance Smart Chain (BSC), Cardano, Ethereum, Flow, Polkadot, Solana, TRON, etc.
  • Besides that, there are 4 types of crypto trading platforms. It includes Centralized, Decentralized, Peer-to-Peer (P2P), and Hybrid. 
  • Likewise, institutional and retail investors can select market, limit orders, and stop-loss orders.
  • They can link their digital wallet, enter the required amount to buy or sell, and process transactions. Before initiating that, they need to check the commission and gas fees. 
  • Moreover, small and big investors can access other features like fiat-to-crypto and crypto-to-crypto conversion, numerous payment options like credit and debit cards, net banking, and wire transfers, and resolve issues with 24x7 technical assistance. 
  • Can they increase their returns? Yes of course!. Investors can tap the leverage option and open short or long positions as per their requirements.
  • Later, they can select numerous trading pairs, see the market movement, and tap options like 3X, 5X, and 10X. After a certain period, traders will receive returns depending on the performance of the crypto token, stablecoin, and DeFi assets. Moreover, investors can withdraw their income anytime by linking their hot wallets. 

Wrapping Up

Since the emergence of Bitcoin in 2009, the crypto sector has grown exponentially. There are 15386 digital currencies and 438 trading platforms now. Do you want to build a robust platform for trading virtual currencies? Start cryptocurrency exchange software development by contacting a white-label solution provider soon.

Posted in: Business, Technology
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October 27, 2022