Loading...
Answers
MenuWhy you build White label cryptocurrency exchange into the crypto trading platform?
This question has no further details.
Answers
Crypto trading platforms choose white label exchanges because it provides them several advantages such as faster launches, lower costs, and lesser risks.
Designing and developing software from scratch requires a lot of engineering efforts. Alternatively, buying a trusted white-labeled exchange saves more resources and time. The modules are already developed by experts and eliminates the need for having in-depth technical expertise or experience.
This is a highly beneficial practice followed by major trading platforms and is gaining huge adoptions. There are several cryptocurrency exchange development agencies that offer sophisticated exchange platforms with advanced features and high-end security. These platforms are easily customizable and can be facilitated to integrate changes without interfering with the technical infrastructure.
They can be centralized, decentralized, P2P, or hybrid. It can be a fiat-to-crypto exchange or crypto-to-crypto exchange. They also integrate several payment processors and wallets.
The core of white-labeled exchange solutions is market-ready. All you have to do is install, configure, and deploy the exchange in your platform.
You can read more information from https://www.epixelmlmsoftware.com/cryptocurrency-exchange-software
As someone who has worked in several crypto companies and exchanges, I feel I am specifically qualified to give some insight here.
There can be a number of reason as to why one would do this.
'Whitelabeling' is basically being able to use the technology of another company, which in this case would be their exchange engine. However, when whitelabeling, the creator of the technology allows the other company to use its technology WITHOUT the branding of the other company. Basically, I have an exchange platform. I can build one just like mine but for you, and we call it your platform. Same technology, different owners.
If you would love to have a free 15 min call to discuss your idea in further detail feel free to message me and I will send you a free link
I am the consulting CMO at at Cryptocurrency company.
White Labeling is one of the fastest ways to "go to market" with sound technology in place and eliminate reinventing the wheel. In the crypto space in particular, where everything is new and technology is evolving daily, it also reduces the risk of error in the development process.
White Labeling also comes with support via the service team of the company you contract with. This reduces the burden of managing glitches in house.
There are many advantages to White Labeling. If you'd like to talk more about this, give me a call.
The first business model is to provide liquidity services to other exchanges. This means that your exchange will take orders from other exchanges and execute them on your behalf. You'll be the middleman between two different exchanges with different trading algorithms, orderbooks, and mechanisms to process transactions. You can get https://www.resultstaxaccountants.com/ for relevant services. The second business model is to operate an asset exchange within your own ecosystem (e.g., operating a crypto-to-crypto exchange). Here you can create a market for any kind of assets including fiat currency pairs and futures contracts on derivatives such as options, futures, and forwards.
It's evident that white label cryptocurrency exchanges offer numerous advantages, including faster launches, reduced costs, and mitigated risks. This approach is particularly beneficial for crypto trading platforms aiming for efficient and timely deployment.
For those considering integrating white label cryptocurrency exchanges into their trading platforms, I would suggest exploring the expertise of Cleveroad: https://www.cleveroad.com/industries/fintech/blockchain/. Their proficiency in fintech and blockchain development could provide valuable insights and tailored solutions to meet diverse business needs.
Partnering with experienced firms like Cleveroad can significantly streamline the process of integrating white label exchanges, ensuring advanced features and high-end security while allowing for easy customization to align with specific platform requirements.
Related Questions
-
What are the legal requirements for a cryptocurrency exchange in the United States that does not handle fiat currency?
The US Gov hates cryptocurrency. In fact if you read recent laws (last 5 years) you'll find the language is vague + it can be construed that if you're a US citizen + you hold cryptocurrency, you may be in violation of law. Better to simply stick with fiat currency produced by every government in the world. Treat income management as a currency exchange proposition. Whatever language you speak, just target selling whatever you're selling into a country that reverse correlates the highest to your currency. So if you live in New Zealand + US currency is strong against the Kiwi, then sell product into the US. This way you always win big, because some currency in some country will always be your best investment.DF
-
What makes Bitcoin a better cryptocurrency then those attempted in the past?
I've been running a bitcoin only e-commerce business for 6 months now. Previous currencies might have involved cryptography, but not to the extent that Bitcoin employs it. What is special about it, is that the cryptographic schemes behind Bitcoin allows it to be DECENTRALIZED. There is no company, or body that can be swayed into changing the allocation of the currency. The bitcoin protocol is truly impressive in the way that it is almost it's own autonomous institution, providing value to humanity, and thus being supported by human activity. Here's a brief run down of how it works, with some shortcuts. 1. "Bitcoin" is a decentralized means of tracking and assigning wealth or economic value. Bitcoin is a software protocol, computer network, idea, community, movement, etc. 2. A "bitcoin" is a unit of the currency that is moved around by the Bitcoin network. 3. Central to Bitcoin is a public ledger, known as the Block Chain. Roughly every 10 minutes, a new "block" is added to this chain or ledger. This ledger records all of the transaction that have taken place in the last 10 minutes, and what quantities of bitcoin currency are now held at different public addresses. 4. A public address is a a 27 to 34 character string of uppercase, lowercase letters and the digits from 0 to 9. AKA base 58. 5. Each public address has a corresponding private key. Whoever has this key, may spend the coins that are held at this private address. Private keys are 51 characters long in the same format as a public address. 6. To spend an amount of bitcoin, you must use your private key to cryptographically sign the transaction, sending your bitcoin to another address. 7. This message or transaction is then broadcast to the network, and the computers in the network begin working to write into the block chain (or public ledger) that your address no longer has the amount that was sent, but that that amount is now held at the receiving address. 8. Each new set of transaction is recorded on the block chain, every 10 minutes as mentioned above. 9. All of the computers that are working to write new blocks to the block chain, are known as miners. 10. These computers are all racing to solve a cryptographic puzzle, which is required to write the new block. 11. The computer that solves the puzzle, and writes the new block receives an award of newly created bitcoin. 12. The reward associated with each block began at 50 in 2009, is now 25, and will halve every 4 years, until an ultimate quantity of 21 million bitcoin are created. 13. This transparency is a large part of the value created by Bitcoin, in that the rate of creation, and current amount in existence is known. That is my best attempt at translating what has taken me months to wrap my head around, and the implications go much further. I'm happy to answer other questions about Bitcoin; the system, the community, or business challenges and opportunities associated with it.JM
-
In a cryptocurrency investment, what are the best ways to determine which coin or ICO to invest in?
An investment implies giving money to acquire a cash flow. Crypto coins have no cash flow. You're betting on their value increasing over time. This is called speculation. I made this video a few years ago discussing the two words: https://youtu.be/QEACN_QVEvE If you'd like to discuss a business investment, please arrange a call. Cheers www.DavidCBarnett.comDC
-
Can I use blockchain technology (i.e. Ethereum or similar) to construct a distributed/decentralized database?
Yes absolutely. Depending on the needs of your service and database traffic, some chains are better than others to use. Steemit.com is a good example of blockchain, curation, filtering by users, with a built-in economy.MT
-
What are the different ways to make money with Bitcoin?
I've been into bitcoin since 2011, and here's my brief take on where the opportunity lies. - Mining: Bitcoin mining is too difficult unless you invest a significant amount of money into it, think over $10,000 ... and it only becomes profitable if the price of bitcoin does another 10X (which it may. - Mining: Altcoins may be the quicker path to profits (http://coinmarketcap.com/) ... mine some altcoins and then converting them to bitcoin through one of the exchanges like cryptsy.com - Buying: I am waiting for another price crash before I buy back into bitcon, I'm hoping it will drop to $500. I see it rising back up over $2000 if it does drop, however now that the Chinese are into bitcoin, its a real possibility that the price will just keep rising. - Arbitrage: The price difference between exchanges is massive. You can now buy bitcoin at btc-e for $1000 and sell it instantly at mtgox.com for $1200. If you had $100,000 to arbitrage with, that is a cool $20,000 profit. The probem is that these exchanges may go down at any time and you risk losing your money/bitcoins. -Startup: You could build something with real value, although the competition now is fierce to build a product with real value that has not already been built. VC's are getting hot for bitcoin startups, check out press on Ripple Labs, BTC China, BitInstant, Coinbase, etc. There are some other opportunities, like buying a bitcoin ATM machine from a franchise (Robocoin, Lamassus) or something a little more in the grey area like starting a bitcoin casino. There's lots of opportunity in cryptocurrency if you look hard enough, I feel though that the window of opportunity for massive profits and value creation is narrowing due to the eyeballs looking at the bitcoin world right now. So whatever you want to do, take massive action and do it fast before you lose momentum and first movers advantage.BM
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.