Over the past years, cryptocurrency has rapidly grown as a preferred investment alternative along with forex and equity stocks. Crypto markets are new and highly volatile- susceptible to significant highs and lows within a single day. Experienced investors see these wild ride swings as opportunities to profit from. Setting up a crypto exchange is, therefore, a sound business idea with high potential. Initial setup infrastructure is resource-intensive both in terms of technical skill and time. The smarter approach is to use a crypto exchange platform from a top 5 cryptocurrency exchange development company.
Secure Cryptocurrency Exchange Development Company
- The Rising Popularity of Cryptocurrency
The worldwide adoption of cryptocurrency is imminent. As time passes by, more countries are allowing cryptocurrencies to be used, either as legal tender or as security investment options. Bitcoin, the most popular cryptocurrency, has a daily trade volume of US$6 billion and only trails behind legacy non-crypto payment processors Visa and MasterCard. The enhanced interest has expanded to other crypto tokens as well. Crypto trade volume figures spiked to USD 1.7 trillion in April 2021 from less than USD 100 billion in April 2020. The number of blockchain wallet users also rose to 74.7 million.
- White Label Cryptocurrency Exchange Development Company
A “white label” software is a pre-built software platform that can be bought and be modified by a user according to requirements. White label crypto exchange software is popular and bought by businesses worldwide aiming to offer crypto trading services on their platforms. The product is easy to personalize- both unique brand aesthetics and function options can be added according to preference.
Developers test the White Label software multiple times for optimal performance. It’s simple- no one buys a product that fails to deliver. Trial and error, R&D are significant aspects of software development- all of which can be avoided if the product comes from a reputed developer. This is precisely why buying White Label architecture from a top 5 cryptocurrency exchange development company makes sense. While there are several developers, the ones listed stand out in terms of market reputation, product functions, customer service experience, and a few other parameters.
Also Read: HashCash’s White Label Cryptocurrency Exchange Open for Trial Invitation to Finance Firms
The Top 5 Cryptocurrency Exchange Development Companies
Global blockchain development company HashCash Consultants holds out as a frontrunner in blockchain-based implementation, AI, IoT, and fintech services. It runs its own digital asset exchange and has offered its services all over the world to governments, financial institutions, banks, major Fortune 500 companies, medicare, and electricity distribution. The company was established in 2015 in Palo Alto, California by blockchain pioneer Raj Chowdhury. The company offers SMBs its flagship product- White Label Bitcoin and Cryptocurrency Exchange. It has been a benchmark among crypto exchange platforms for a long time. HashCash has a 4.9 rating out of 5 in TechReviewer.
Hourly charges: USD 50-99 per hour.
Employee strength: 100-249.
Minimal Project Size: $5000.
Offices: US and India.
PayBito’s White Label Cryptocurrency Exchange Platform has been deployed across 5 continents. The company specializes in all things related to cryptocurrency and hosts Initial Exchange Offerings(IEOs) in its native cryptocurrency exchange platform. The product packs state-of-the-art security, along with strict adherence to all the regulations of the crypto exchange. It also supports fiat/BTC conversion and vice versa.
Hourly charges: USD 100-149 per hour.
Employee strength: 50-249.
Minimal Project Size: $10000.
Offices: US and India.
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UnicSoft
UnicSoft is a reputed company specializing in technology consultation, AI, and blockchain implementation. The team helps startups in building feasible ideas, minimum viable products and delivers fast scalable products. Founded in 2005, the company also caters to enterprise-level setups helping them in work optimization.
Hourly charges: USD 50-99 per hour.
Employee strength: 50-249.
Minimal Project Size: $25000.
Offices: Kyiv(Ukraine) and the UK.
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Labrys
Labrys is an Australian company proficient in blockchain solutions and implementation across finance, supply chain, medicare, and the government. The company has built a high reputation for delivering excellent products and after services. It has a 4.8 rating out of 5 in TechReviewer. Founded in 2017, the company specializes in Small and Medium-scale Businesses.
Hourly charges: USD 100-149 per hour.
Employee strength: 10-49.
Minimal Project Size: $5500.
Offices: Australia, Brisbane.
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SoluLab
Hailing from Los Angeles, USA, the SoluLabs enterprise began operations in 2014. The company aims to add the heart element to technology and provides its expertise in different sectors, including blockchain, mobile web apps, AI, IoT, cryptocurrency, and more. The company has a 97% customer success score, and a customer profile featuring several Fortune 500 enterprise companies.
Hourly charges: USD 30-49 per hour.
Employee strength: 100-249.
Minimal Project Size: $5000.
Offices: United States, India.
Tips For Starting Your Own Crypto Exchange Business
A White Label product from a top 5 Cryptocurrency Exchange Development Company takes care of the initial technical setup and infrastructure. However, setting up any business requires prior consideration, and following a lot of rules and regulations. Entrants starting their own crypto exchange should keep the following things in mind.
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Paperworks And Legal Filing Is A Must
A no-brainer. License and registration is a must for every business. It is best to consult with a corporate lawyer before starting. Reduce legal issues by choosing the correct business jurisdiction, complying with regional and national regulations, and a legal crypto trade service license.
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Functionality
Charges for your exchange platform may differ upon the services you intend to provide. Make a list of the desired functions before approaching a top 5 cryptocurrency exchange development company.
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Liquidity
Give importance to cryptocurrencies with high liquidity and ensure they are listed in the white label exchange platform. Reputable crypto exchanges register high-liquidity digital assets to protect the traders from crypto frauds or scams.
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Round-The-Clock Customer Support
Cryptocurrency exchanges like forex markets are open 24 hours a day, 365 days a year. While the market is growing at an exponential rate, it is still a new investment avenue for traders. They need time to adapt to the platform. Thus, high-end multilingual customer service is a must for an enhanced customer service experience.
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