The growing popularity and adoption of cryptocurrencies have forged the path for a new world of trading powered by disruptive blockchain technology. Various start-ups and well-established organizations are tapping into the crypto market by launching crypto exchanges that have the potential to generate a large amount of revenue for the owners.
Binance, the largest crypto exchange, recorded £30 million in revenue for the first half of 2020. This figure is a testament to huge earning opportunities for exchange owners.
If you are planning to venture into cryptocurrency exchange development to create a new revenue stream for yourself, a well-defined roadmap will contribute to a smooth deployment journey. Although various aspects need to be taken into consideration, one of the primary things to consider is whether you want to build your exchange from the ground up or choose a cryptocurrency exchange scriptinstead.
Given the cut-throat competition in the crypto market, it is paramount that you take the lead to maximize your opportunities. This is why the cryptocurrency exchange script is an ideal and popular option to launch a crypto exchange.
What is Cryptocurrency Exchange Script?
Cryptocurrency exchange script is a ready-made code that can be leveraged to instantly launch an exchange into the market. As the code is ready-to-use, you only need to make small customizations – such as branding and other minor tweaks required – and you are prepared to enter the market with your exchange in less time.
Businesses choose cryptocurrency exchange clone script to launch their crypto exchange because it:
Consider the Architecture of your Exchange before Choosing an Exchange Script
Decide upon the architecture of your crypto exchange to choose the script adapted to fit your business model.
Here are the things that you can consider to decide your exchange platform’s architecture:
Platform features and trade instruments to be integrated
Specific features required on the front end
Do you want to optimize your website for mobile or native iOS or Android application
Prepare for other things to expedite your development journey
As you decide upon the architecture of your exchange, prepare for other things necessary to launch an exchange, including the following:
Regulatory framework in the jurisdiction of operation
You need to consider licensing, laws, regulations, and enforcement actions persistent in the jurisdiction in which you want to operate your crypto exchange.
In addition to being well-aware of the regulations, connect with the KYC provider that you plan to use. Also, consider if you have completed your due diligence and if you are ready to sign a contract with the KYC provider.
Partner with a bank
Find out what type of relationships you need to build with a bank. In addition, determine whether you need any license. If you plan to offer national currency trading pairs on your exchange platform, you will be required to have a custodian/treasury account to process the deposit and withdrawal of the national currencies of your users.
Generating high liquidity on your exchange platform will not only enable you to fulfill your users’ orders with minimum latency but also help you to entice new users.
Antier Solutions’ cryptocurrency exchange script offers a solution to achieve high liquidity. It builds a secure API connection to the leading crypto exchange platforms to drive liquidity.
Devise a comprehensive, well-strategized marketing plan before launching your crypto exchange to let your target audience know that you are coming up with a trading platform. A multi-channel marketing plan will help you leverage various marketing channels to create your brand presence. SEO (Search Engine Optimization), PPC (Pay Per Click), content marketing are various marketing strategies that you can follow to promote your crypto exchange.
People won’t know until you tell them, thus this is a crucial step for the success of your project.
Antier Solutions is at the forefront of employing blockchain technology to build various crypto-based products – such as exchange platforms (spot trading exchange, margin trading exchange, P2P exchange, security token exchange), lending platforms, crypto wallets, crypto coin or token, crypto banking ecosystem, and more. With a strong partner network, we enable our clients to get instant access to an integrated network of 25 partners in 16 countries with 200K+ crypto customers.
We are trusted for our cryptocurrency exchange script that enables businesses to launch their exchange platforms in just 7 days. In addition, we offer customized development solutions to build exchange platforms from the ground up.