A Complete Guide on the Working of a Cryptocurrency Exchange
Generally, crypto exchanges
work like traditional stock exchanges. The difference lies in the
backend technology and the assets that are traded on each of these
exchanges. Stock exchanges enable trading of stocks or derivatives.
On the other hand, crypto exchanges, which are backed by blockchain
technology, allow trading of crypto coins and tokens.
are cryptocurrency pairs?
pairs or simply called “trading pairs” describe trade between one
type of cryptocurrency and another. For instance, one of the popular
crypto trading pairs is BTC/ ETH. It means that you can buy and sell
Bitcoin against Ethereum.
During cryptocurrency exchange development, make sure to integrate maximum trading pairs as it not only brings more number of traders to exchange but also maximizes the liquidity in the exchange. Binance, one of the leading crypto exchanges, has a total of 591 trading pairs and WazirX offers 145 trading pairs.
of a crypto exchange
enable trading of crypto assets. A crypto exchange platform
authorizes a user to trade cryptocurrencies after validating his/her
identity. To initiate trading, traders have to fund their crypto
accounts. The amount of funds required depends on the framework of a
enable convenient trading, exchange owners can integrate a secure
payment gateway into their exchange platforms. It will allow your
users to seamlessly trade their desired cryptocurrency. For instance,
Binance offers over 300 payment gateways to its users – credit
cards, debit cards, Visa card, MasterCard, and PayPal – to name a
addition to a payment gateway, exchange owners can fortify their
exchange platforms with a robust matching that matches the buy and
sell orders with minimum latency.
important aspect of crypto exchange development is ensuring the
security of the exchange. Users are more likely to come to an
exchange that offers high security to safeguard their funds and
trading has acquired global adoption. Launching a secure,
user-friendly, and high-performance exchange platform means getting
more users that ultimately amplifies your revenue generation
If you are also planning to launch your crypto exchange, Antier can help. We are a reliable cryptocurrency exchange development company with real-world experience delivering white label and custom exchange to start-ups and enterprises across the globe.