Launch your cryptocurrency exchange with a Luno Clone

Cryptocurrencies are attracting more eyeballs from investors these days. Thus, more money is being poured into Bitcoin (BTC) and Ethereum (ETH). Likewise, there is an American platform that enables secure trading of digital currencies. It is none other than Luno. Users can buy cryptocurrencies, stablecoins, as well as altcoins by using their existing balance of US Dollars (USD). Are you an entrepreneur looking to offer an alternative to the centralized economic system? Develop your Luno clone.

What is the Luno Clone? 

It is a pre-built cryptocurrency exchange that contains features similar to Luno. The Luno clone consists of an order book, a matching engine, charts and graphs that display changes in market movements, a technical support desk, and an exclusive wallet to store virtual assets. Completely customized as per your business requirements, you can launch it quickly in the market. 

How is Luno growing rapidly in the global crypto trading industry?

• The London-origin exchange launched its business operations in 2013 in the United Kingdom. 
• Today, it operates across 40 countries and its user base has surpassed 10 million. 

• Luno is making further inroads in the African continent. The number of active investors has increased from 2.3 million in January 2020 to 4.7 million in 2021. It is concentrating on 4 countries (Uganda, Kenya, Ethiopia, and Tanzania). 

• Owned by the Digital Currency Group (DCG), the number of active users has risen by 167%. Interestingly, Luno has set an ambitious target of 1 billion customers by 2030. 

What are the notable features of a Luno like cryptocurrency exchange?

Setting of price alerts – Users can take advantage of both bullish and bearish trends. By clicking on the price alert button the investors get to know about the fluctuation in the crypto values. It denotes the ups and downs in the market conditions. 

Instant-sign in option – Investors can quickly create an account on a crypto trading platform similar to Luno. They can sign in by linking their email addresses and social media accounts. Subsequently, the admin of the crypto exchange will verify their personal information and approve their profiles.

Integrated digital wallet – Users can deposit their crypto assets safely on the software wallet. They can protect their funds with private keys and secret recovery phrases. The security measures include end-to-end data encryption, two-factor authentication (2FA), and the usage of digital signatures. Thus, investors can thwart hackers, phishers, and scammers. 

Trading button – Investors can build their wealth easily on a crypto trading platform like Luno. They can choose crypto-to-crypto, crypto-to-fiat, fiat-to-crypto, and crypto-to-stablecoin as per their requirements. Moreover, they can also purchase Bitcoin (BTC) by using fiat currencies like US Dollars (USD), Euro, Rand, Ringgit, Rand, and Indonesian Rupiah (IDR). 

Auto-calculator – Users can make the right investment decision by utilizing the auto-calculator option. Subsequently, they should enter the amount of the cryptocurrency (Bitcoin and Ethereum). Later, the value in local currency is displayed. Generally, this data varies as per the market conditions. 

Repeat Buy option – You can offer a comfortable experience to crypto investors by offering a Repeat Buy facility.  Thus, users can click it to automate their fund allocation on certain terms and conditions. In the long run, traders can earn high returns through efficient portfolio management. 

Help Desk – Users receive prompt support for various issues. They can contact the help desk and resolve problems like depositing and withdrawing funds, undergoing identity verification, processing of transactions, reporting suspicious activities, updating personal information, and resetting passwords. 

Orders dashboard – It shares details of the market and limit orders placed by investors. Thus, investors can scroll through different sections like Order History, Trade History, and 30-day summary. This will help them make the right choices while investing in virtual currencies. 

Why is the Insights Panel the highlight of the Luno clone? 

Undoubtedly, the market conditions keep changing from one day to another. However, crypto holders can shield themselves from losses by clicking the Insights Panel. It contains 2 sections, Token Summary and Signals. 

Users can see quantitative data like the number of holders making money, concentration by large holders, and the price correlation with cryptos like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

Besides that, authenticity is assured on a Luno clone. Investors can click the transactions section. They will know the number of transactions processed over the last few days, the demographics (west and east), and the inflows and outflows of virtual currencies. 

Subsequently, investors can head over to the Signals dashboard. They can click the summary section and see if the market conditions are bearish, neutral, and bullish. The on-chain signals section discloses information about the overall growth of the platform and the concentration of virtual currencies among small and large investors. 

The Exchange Signals section operates in a clock-like format. Thus, investors can click the Smart Price button to know the mid-price. Generally, it is the weighted average of the bid and ask prices. Moreover, users who want to trade in derivatives can click the Futures Market Momentum dashboard. Hence, they will be aware of the future prices, trading volume, and interests (bullish and bearish conditions). 

Why choose AppDupe to develop a Luno Clone? 

Our team is well-versed with the latest trends in the world of cryptocurrency and Decentralized Finance (DeFi). We offer a wide range of solutions. It includes Cryptocurrency development, Crypto exchange software development, creation of Altcoins, development of crypto wallets, and token listing. 

Wrapping Up

There are more than 17500 digital currencies along with 456 trading platforms. Do you want to be part of this burgeoning virtual economy? Connect with us now for developing a Luno clone. 

Author

Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.