Cryptocurrency Exchange Must Have Features list

 

Advanced trading engine

If you want to increase user engagement, make sure you can promptly finish high-level transactions per minute. Because of this, the trading engine must run swiftly and minimize delays so that crypto exchanges can take place when the trade engine matches the request.

Integration with wallet

The traders' public and private keys are kept in a piece of software referred to as a "crypto wallet." Users are able to send and receive virtual cash as well as monitor their balance. Depending on how the cryptocurrency exchange operates, it can be classified as either a hot wallet or a cold wallet.

Verification of KYC/AML

Identity theft and illegal conduct are both stopped by using KYC and AML. These processes are used by financial institutions and regulated businesses to verify the identities of their clients and collect their data.

Financial Gateway

Users can utilize a variety of channels and devices to make payments using the payment gateway from anywhere. Payment gateways facilitate a variety of payment methods while providing speedy and secure transactions. The quickest way to accept card payments is using this approach.

Language Support in Several

One of the most common characteristics is this. Language obstacles are removed by this feature, which also helps the cryptocurrency exchange platform go global. When people can communicate in their own tongues, they feel more at ease and the customer experience is enhanced.

Supports several cryptocurrencies

It is compatible with a number of platforms for trading cryptocurrencies, including Ethereum and Bitcoin. Bitcoin traders look for cryptocurrency exchanges that offer such operations in order to transmit, receive, store, and move bitcoins.

Liquidity

It explains the speed at which traders can profit from an asset. We can convert an asset into cash more quickly when we have more liquidity.

Launchpad

The most well-known cryptocurrency exchange development platforms have introduced launchpads, where you can promote your new goods and tokens.

Dynamic, real-time trading

This will give a clear grasp of past and present pricing data and help in making predictions about the future of prices.

Protections for cryptocurrency exchange platforms

A platform must have security features like SSL Certificates, 2FA (2 Factor Authentication), multi-signature wallet certificates, and cold storage for wallets.

How Hivelance can help you in launching scalable crypto exchanges?

Finalizing the Scope and Regulations

This stage ensures that you operate the cryptocurrency exchange in a country that embraces the development of cryptocurrency exchanges gives a crystal clear picture of the project's scope and a carefully defined road map.

Design and Development

Node JS, Angular, Java, and React are just a few of the top coding languages that our UI designers and developers will use. Once the project's scope has been determined, we assign the team that will be working on developing a crypto exchange platform.

Testing and Integration

Whether or not you already have your own wallet, API integration enables you to create a new wallet. The beta version of the bitcoin trading platform has been released, and it is fully functional. Our testers conduct testing in difficult circumstances while closely adhering to testing specifications in order to detect and fix faults.

Embedding stage

Once both teams have approved the final version, the cryptocurrency exchange platform will go live so that your users can sign up and start using it.

Final Thoughts

We are professionals in everything, from developing cryptocurrency exchange script development services to providing cryptocurrency exchange services. We sincerely hope that our guide to developing software for cryptocurrency exchanges will be useful to business owners. Please contact the Hivelance Team if you require help developing a cryptocurrency project.