Start your own Crypto Currency Exchange
Start your own Crypto Currency Exchange or launching a cryptocurrency exchange digital asset exchange is rather a complex process. Based on experiences, building an exchange from scratch requires some months for development and testing.
There is little best technology on the market and an integrated approach tailored to individual and specific requests at a reasonable price. Following are some of the features where you can implement to start your own Crypto Currency Exchange.
Any kind of typical trading business comprises:
· IT (Software and Infrastructure)
· Marketing / Sales
· Finance
· Legal
· Operations Management
· 24/7 multiple language customer support
Selection of Trading Platform
There are numerous trading platforms with a powerful matching engine where you could list unlimited tradable assets comprising digital assets, fiat currencies, forex and equities etc. The user interface, matching engine and all other parts of our solution are customisable. You must check following features namely
· Unlimited listing
· 9 kinds of orders
· Fully customisable
· Mobile APP
· WEB Platform
· AWS or Azure servers
· Advanced OMS (Order Management System)
· One million transactions per second with less than 50 milliseconds latency
· No revenue share model — just a software fee
· 24/7 support
Actively Exploit Your Utility Token
The more people that use the platform, the more commission payments there would be with a discount of token. As a result there would be even more purchases of your token which will significantly increase the demand for a token. Payment of commissions with a token could be turned on or off in the user settings, although it is fast to activate the function directly on the platform.
Moreover setting the commission levels depends on the monthly trading turnover and the percentage of discount when paying trade commission by the platform token.
Feature of Web Wallet
· Integration with ticket systems
· Integration by API with any electronic wallets
· Integration by API with any PSP
· Integration with any tokens based on Ethereum, NEM, NEO
· Integration with any KYC API providers
· Administrative module for organization employees
· Automatic deposits and payments to customers.
· Affiliate system for reward traders for referrals
Implement Cryptocurrency Payment Gateway
· Implementation of the full nodes for each blockchain
· All nodes could be hosted on your servers
· Summarize detailed report for all transactions
· Offer of Unlimited blockchains and tokens
· ERC20, ERC223, ERC777, as well as any tokens on NEM and NEO
· Apt possibility of manual crediting with the replenishment of the bank
· It is mush possible to create any electronic wallets
· Full control of client funds on your side
· There is automatic transfer of customer funds to your respective cold wallets
Adapt quality Security procedures
· Include three-level system of Cold, Warm and Hot Wallets
· Comprise multiple security layers including two-factor authentication
· Must have anti-phishing features
· Offering geo fencing that also detects VPNs and Tor exit nodes
· Must have database encryption
· Features of DDoS mitigation
· Feature of Network and trade anomaly detection
· Offering 2FA for users
· Possessing Enterprise-grade offline multi signature vaults
Feature of Liquidity
It is actually impossible to attract clients to an exchange without sufficient liquidity. You can concentrate on following features namely
· Liquidity for 26 crypto pairs
· 24 hours a day 24/7
· 24-hour technical support with response time within 5 minutes 24/7
· Good competitive spread (Bitcoin spread less than 10 usd)
· Offering Competitive commissions
· Ability for fast execution
· Should have convenience of connection: Socket API, REST API, FIX API
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