Analyzing the major types of White label crypto exchange software in the market

White label crypto exchange
White label crypto exchange
  • Centralized Exchange Platform — They invite buyers and sellers to place their orders on the platform and execute the deals by acting as an intermediary.
  • Decentralized Exchange Platform — Buyers and sellers execute the transaction directly by interacting with each other. A higher level of privacy is ensured for all the users in the absence of any intermediaries. They are highly resistant to hacking.
  • Hybrid Exchange Platform — It takes into account the benefits offered by both centralized and decentralized exchanges. Hence, it assures adequate liquidity and robust security through automation.
  • P2P Exchange Platform — It enables interactive trading between interested parties in a secure environment. The Escrow system will release crypto assets to the buyer once the funds have been received.
  • Security — Safeguarding the investor’s data and funds should be the top priority for developers of exchange platforms. While centralized exchange platforms are subject to frequent incidents of hacking due to a single point of control, other types of exchanges such as decentralized, hybrid, and P2P are highly secure. Hence, every exchange platform must invest in top-notch security measures, such as two-factor authentication, end-to-end encryption, jail login, and password-protected user access.
  • Coin holders — The coin holder is none other than the user for a decentralized exchange. On the other hand, the coin holder is the exchange for centralized and hybrid exchange platforms.
  • Acceptance of fiat currency — While centralized and hybrid exchange platforms accept the purchase of cryptocurrencies using the leading fiat currencies, this feature is not available on a decentralized exchange platform.
  • Availability of liquidity — It refers to converting assets or securities into cash without influencing the market price. Most of the exchange platforms possess sufficient liquidity and are blessed with the ability to handle huge trading volumes. Compared to other platforms, decentralized exchanges have the lowest liquidity.
  • Level of privacy — In a centralized exchange platform, users are subject to scrutiny as they have to provide lots of personal information and bank details. In a decentralized exchange, not many personal details are demanded as they permit anonymous trading and execution of transactions.
  • The number of digital assets — Centralized and hybrid exchange platforms accept a wide range of digital assets. Decentralized exchange platforms accept only a few types of digital assets. Investors or traders of cryptocurrencies can seek the features needed for them and decide which exchange platform suits their trading requirements.
  • Faster deployment is ensured as time is saved instead of building an exchange from scratch.
  • Money is saved as there is no need for the buying company to hire skilled technical resources.
  • There is no need for the organization to go through the tiring and repetitive phase s of trial and error involved in exchange creation.
  • A white label crypto exchange software brings a greater return on investment.

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Aaron silva

Aaron silva

Aaron Silva is a well-known cryptocurrency consultant specializing in dealing with digital trading businesses. https://www.infiniteblocktech.com/