Cryptocurrency Exchange Development Company

The average user's path to trading on the exchange begins with registration through email or social media accounts and Google. But registration itself is usually not enough to start trading. It requires identity verification. This verification is needed to ensure transaction transparency and minimize the possibility of fraud.

It is responsible for the basic functionality of the trading platform. For example, the trading engine checks the balance in the user's wallet to make sure the user has enough funds for a transaction. It also compares trade orders and bets in real time, performs transactions, processes information about prices and commissions, creates charts, etc. We have been providing cryptocurrency exchange software development services for many years and are deservedly one of the most reputable companies in the field of Crypto Exchange Software.

Depending on the target audience, the user interface can be simple and intuitive or relatively complex due to the presence of many indicators, trading signals, customizable charts and other tools of an experienced trader. In any case, the user must be able to place buy and sell orders, view the current order book, past transactions, balances, statistics, etc.

It is impossible to imagine cryptocurrency exchange platform development without the admin panel. The admin panel includes a dashboard for tracking the current state of the exchange (traffic, trading volume, number of trades), traders, wallets, transactions, and content. In addition, tools must be implemented to verify users, change and delete content, ban and delete users, change commissions as well as manage the marketing and affiliate program.

If you are developing a centralized platform, you need internal wallet functionality. You require it for faster access to money, which speeds up the process and makes it easier, as well as to provide liquidity. In the case of decentralized and peer-to-peer cryptocurrency exchanges, creating an internal wallet is usually unnecessary.

This is another important element that you should implement when starting your own cryptocurrency exchange. An order book is a list of open orders to buy or sell cryptocurrencies. The exchange creates it automatically by grouping orders to buy and sell crypto assets into separate lists and matching them.

Analytical tools allow you to get additional information about the current state of the market, predict its movement, analyze trends, create and test trading strategies. When launching a crypto exchange, you should decide which indicators you want to see on your platform. You require a proven cryptocurrency exchange developer for quality implementation of Analytical Tools.

Notifications allow you to keep in touch with users by letting them know about significant events on the exchange. In addition, alerts can also be integrated into trading to show notifications to traders about changes in the rate of selected trading pairs, trend changes, the alerting of an important indicator or the closing of a trade.

One of the main problems of the cryptocurrency market is the low security of cryptocurrency exchanges. Not a year goes by without news about another security breach of some exchange. Therefore, when creating your own trading platform, you need to do everything to secure your users' data and money, especially if you want to create a centralized cryptocurrency exchange.