Launch your Crypto Trading Venture in 2022 with a White label cryptocurrency exchange script

Undoubtedly, the cryptocurrency industry has come a long way since the launch of Bitcoin in 2009. Today, there are around 18163 digital currencies and 460 trading platforms across the world. It is time to know more about the potential of cryptocurrency exchange script development. 

What is the meaning of Cryptocurrency? 

It is a virtual currency that operates on distributed ledger technology (DLT). All those digital assets that came after Bitcoin are known as Altcoins. All cryptocurrencies come with special characteristics. Individuals, business firms, and governments can use them for processing peer-to-peer (P2P) transactions. Moreover, users can buy, sell, and exchange cryptos 24x7x365 from popular Decentralized Exchanges (DEXes). 

Importantly, cryptos operate independently unlike banks and centralized financial institutions. Investors also receive advantages like freedom from intermediaries, protection against inflation, privacy, and top-notch security measures. 

A comprehensive overview of a Cryptocurrency Exchange

It is a digital asset trading platform that operates on a blockchain network. The largest cryptocurrency exchanges by daily trading volume are Binance, Coinbase, KuCoin, FTX, and Kraken. Generally, investors can buy, sell, exchange, and stake their virtual currencies round-the-clock.

Moreover, crypto holders can keep a close watch on their portfolios, fetch profits by opting for margin trading, and also manage risks effectively by opting for perpetual and futures trading positions. 

What are the various kinds of cryptocurrency exchanges? 

Centralized 

Centralized crypto trading platforms have custody over the funds of investors. Hence, third parties are responsible for safeguarding the assets of buyers and sellers. Users get access to features like recurring buying, access to eye-catching charts and graphs, integration with software wallets, an offline storage option, an affiliate program, a 24×7 help desk. 

Decentralized 

Investors can directly initiate crypto-to-fiat, fiat-to-crypto, and crypto-to-crypto trading without dealing with any intermediaries. The acclaimed Decentralized Exchanges (DEXes) include Uniswap, PancakeSwap, SushiSwap, and dYdX. Crypto holders get benefits like low trading fees, sufficient liquidity, governance rights, instant deposit and withdrawal of funds. 

Hybrid 

It contains features of both centralized and decentralized trading platforms. For example, Eidoo is the best example of a Hybrid cryptocurrency exchange. Investors can utilize several features like a digital vault, an atomic swapping mechanism, access to a non-custodial wallet, real-time notifications about token offerings, and easy participation in ICOs, STOs, and IEOs. 

Moreover, the Eidoo trading platform also allows users to invest in DeFi tokens of MakerDAO, stablecoins like USDC and TUSD, and other popular digital assets like Decentraland (MANA), Kyber Network (KNC), and Bancor (BNT). 

The White label Cryptocurrency Exchange Script solutions

LocalBitcoins Clone 

Buyers and sellers can trade virtual currencies via an Over-the-Counter (OTC) trading mechanism. A LocalBitcoins clone script is a Peer-to-Peer (P2P) trading solution. It contains several features like a quick buy and sell option, an affiliate program, multiple payment options, two-factor authentication (2FA), a live price tracker, and a multilingual technical support desk. 

Binance Clone 

Since its launch in June 2017, Binance has grown steadily. Today, it offers investors access to 1657 markets and 393 coins. Overall, its user base has surpassed 90 million. Likewise, a Binance clone script is a ready-to-launch digital asset trading solution with features identical to Binance. 

Investors can buy cryptos with credit cards, debit cards, Single Euro Payments Area (SEPA), and Simplex. The markets section displays real-time information about highlight coins, new listings, top-gaining assets, and coins with the highest trading volume. Moreover, users can do swap farming, margin trading, buy and sell vanilla options, store digital assets in a vault, and also earn high returns via staking. 

Coinbase Clone

Since its emergence in June 2012, Coinbase has spread its wings to more than 100 countries. Overall, it has around 89 million users and the quarterly trading volume has surpassed $547 billion. A Coinbase clone script is packed with functionalities similar to Coinbase. 

The key highlights are a Prices Section, a self-custodial crypto wallet, a fiat currency borrowing mechanism, an affiliate program, a recurring buying facility, and a technical support center. Importantly, institutional investors, high-net-worth individuals (HNWIs) and business firms can use services like asset listing, brokerage, and spot trading. 

Bitstamp Clone 

The London-headquartered digital asset trading platform has a 24-hour trading volume of more than $271.22 million. Importantly, the Bitstamp clone script is a centralized crypto exchange with features identical to Bitstamp. Hence, professional traders, institutional investors, and individuals can buy, sell, and stake their crypto assets round-the-clock. 

They get benefits like a friendly user interface, hassle-free deposit and withdrawal of digital assets, offline storage, and a 24×7 help centre. Investors can also buy cryptocurrencies by using debit cards, credit cards, and net banking. Moreover, the markets dashboard displays data about the best-performing digital assets and recently listed tokens. 

Poloniex Clone 

The Seychelles-headquartered crypto exchange has become the top choice for both spot trading and margin trading. The Poloniex clone script is a pre-built crypto trading solution. It contains various features like a Bitcoin lending mechanism, a multilingual technical support desk, a refer and earn program, and a futures trading facility. Users can also buy cryptocurrencies by using payment options like Apple Pay, Mastercard, and VISA. 

Investors can also save their favourite digital assets and view data about the prices and the fluctuations in trading volume. Besides that, users can collateralize their stablecoin holdings. Subsequently, they can trade in perpetual contracts of Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Yearn.Finance (YFI), Uniswap (UNI) etc. 

Wrapping Up

Undoubtedly, the cryptocurrency industry is growing rapidly. The future will depend on factors like taxation, KYC/AML laws passed by governments, the launch of Exchange Traded Funds (ETFs) and interest amongst Venture Capitalists (VCs). Are you looking to spearhead the digital financial revolution? Use our White-label cryptocurrency exchange script.

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