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White Label Crypto Exchange Solution | A Compact Guide

Are you planning to start a crypto exchange business? This blog explains the benefits of choosing a white label crypto exchange solution.

Cryptocurrency exchange platforms are raking in millions of dollars. Nowadays, this is one of the most profitable and reliable businesses in high demand nowadays. If you are planning to start your own crypto exchange business, then a white label crypto exchange solution or software is probably the best solution for you.

So, What can a White label Crypto Exchange Solution Do for You?

A custom white-label solution can help business people to rebrand the ready-made crypto exchange site with their name, design, and unique features. White label crypto exchange solutions can turn your brand appealing to others.

Mainly, the problems faced by many startups and companies about the whole development process of a cryptocurrency exchange platform are the huge expenses that go into it. When you choose a white label solution, you spend less money and get a much better solution for your customized needs.

A white-label crypto exchange solution is a customizable offering provided by a crypto exchange solution provider, which allows you to tailor the product to your specific needs and preferences.

Why choose a white label solution? Here are the benefits of white label solution

Save Time and Get Fast Deployment Developing a crypto exchange platform from scratch takes a long time. As a result, you will not be able to market your product on time. You can lose your investors. Thus, choose a ready-made white label exchange solution to get a fast deployment of your exchange business.

Save Money Spending a lot on the initial development of a cryptocurrency exchange platform is a bad idea because it is also available at a cheaper price. Investing in the internal development of technology may not be necessary or advantageous.. Therefore, a white-label solution is a pre-packed ready to go solution.

Easy to Brand and Market For your custom needs,  you can design the product with the unique features you want in your exchange platform. With a customizable white label solution, you can easily brand and market your business. This makes you stand out in the crypto exchange market. Essentially, if you want to stay ahead in the cryptocurrency exchange business with special features of your own, a white-label solution is the right choice.

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Crypto exchange development services by Oodles are specialized offerings that cater to the growing demand for cryptocurrency trading platforms. These services encompass the design, development, and deployment of custom cryptocurrency exchange solutions. Our experienced development team works with businesses and entrepreneurs to create secure, user-friendly, and feature-rich exchange platforms. Our crypto exchange development services assure that your trading platform thrives in the relentless competition in the crypto exchange market effortlessly.

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Cryptocurrency Exchange Development | Assessing Liquidity Factors

An issue with cryptocurrency exchange development is the scarcity of enough liquidity. Explore why liquidity is inevitable for them and how to maintain it.

The use of old and new cryptocurrencies is increasing day by day. With this increase, the crypto development market is becoming pervasive than ever. Now, it is not under the impression of scandals and hacks. Indeed, now it is entering the space of non-profits by facilitating them to conduct safe, fast, and efficient transactions while establishing trust. Read on this blog to find out how cryptocurrency exchanges are helping developing countries to include unbanked people and provide them access to efficient financial services. 

When we talk about the cryptocurrency exchange industry, the efforts to achieve global adoption are commendable. However, an alarming issue with them is the scarcity of enough liquidity. Not all cryptocurrency exchange platforms experience a high user count. To conduct faster settlements and channelize the buying and selling mechanism, stocks, bonds, or digital currency require a higher liquidity market. Indeed, as per a study conducted in early 2019 to track daily crypto trade volume, nearly 56 exchange platforms faked their data. Given this event, CoinMarketCap announced that it will consider liquidity as a default metric for ranking cryptocurrency pairs and exchanges. 

So, let’s find out why liquidity is inevitable for cryptocurrency exchange platforms.

Understanding Liquidity | Cryptocurrency Exchange Platform

The liquidity of an exchange platform is the extent to which we buy a specific asset and liquidate without affecting its price’s general stability. The higher an exchange platform experiences the liquidity, the higher it gets user engagement. 

In terms of liquidity, we can classify an asset as liquid or illiquid. Generally, liquid assets have an open market for trading, while we trade illiquid assets privately. In other words, when it is difficult to encash an asset, we call it illiquid. 

Why Smooth and Stable Liquidity is Important 

Liquidity is one of the most important factors that we must consider during the development of a cryptocurrency exchange platform.

Fairtrade Prices

Having a good number of crypto traders or investors on a cryptocurrency exchange platform necessitates the maintenance of the system. It is because a platform having high trading activity will make the seller bid at competitive prices. Ultimately, it enables buyers to bid at higher prices. It creates an equilibrium indicating the market stability, and thus, implying fair market trade prices.  

Faster Transactions

If a platform experiences higher liquidity, it can fulfill orders quickly based on the demand and supply, with faster transactions.

Data Volumes for Technical Analysis: If a platform has huge chunks of data, it can more accurately predict the technical analysis. Prices and charting patterns of the past are still primary methods to predict the price and current landscape of values of cryptocurrencies. Having higher liquidity on the platform means huge volumes of data for technical analysis.

Factors Affecting Liquidity

The following are the factors that influence the course of liquidity of an exchange platform. Let’s take a look at them. 

Trading volume

Having high trading volume means the volume of a crypto coin’s trade over an exchange in the last 24 hours. The liquidity and the activity of an exchange platform tend to increase if the trading volume of a specific coin is higher. 

Acceptance

One significant factor in an exchange's quest for increased liquidity and enhanced credibility is its ability to achieve global acceptance. A prime example of this is the widespread recognition of Bitcoin as a viable means of conducting transactions, with major players like Apple and Amazon embracing its use.

Regulations

Cryptocurrency usage is subject to varying regulations in different countries, and these legal frameworks directly impact cryptocurrency liquidity. Some countries have imposed restrictions on cryptocurrency, resulting in reduced liquidity for specific cryptocurrencies within their jurisdictions.

Solving Liquidity Challenges

Listing of Cryptocurrencies

With more listed Cryptocurrencies in your exchange, you can attract more users.

Payment Streams Integration

By adding up different payment streams such as wallet service, credit card, debit card or crowdfunding will facilitate trading thus enhancing the user count.

Access to Multiple Order Books

Maintaining liquidity is facilitated by successful cryptocurrency exchange development and securing listings on multiple cryptocurrency exchanges.

Insertion of advance trading features

It boosts profitability by enabling investors to buy and sell the stock at a specific price.

Intuitive interface

A user-friendly interface allures the Crypto traders to your platform.

Conclusion

If you want to build your crypto exchange, Oodles Blockchain can help. We will help you in the development of Crypto exchange with high liquidity options and industry-leading features to achieve world-class performance. Get a free demo from our experts!!