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on September 14, 2022
Cryptocurrency Exchange Platform is a blockchain network built platform which facilitates crypto trading. The cryptocurrencies are traded or exchanged for other cryptocurrencies or fiat money. As cryptos are thriving in both financial and business fields, the splendid growth of both the technology and the cryptos attracts business minds to it. Cryptocurrency Exchange Development is one of the options for people who want to start their business in the crypto-verse.
The exchange platform can be developed in either a centralized or decentralized manner. The centralized platform includes a third party or intermediary to access the transactions in the platform. The decentralized platform has no intermediaries or third parties, and it acts as a peer-to-peer exchange. The essential key features one should remember in the development of the exchange platform are
- Powerful trading Engine
- Crypto and Fiat support
- KYC and AML Compliance
- Automated Market Maker (AMM)
- Crypto Wallet
- Payment Gateway
- Multi-currency support
- Multi-language support, etc.
People choose the exchange platform developed mainly because of its revenue sources like withdrawal fees, listing fees, sell-on fees, etc. Many crypto-based development service companies provide white-label solutions to facilitate entrepreneurs with affordable, easy-built, time-saving, and customizable solutions to develop their crypto exchange platform.
Posted in: Business, Technology