Knowing Essential Aspects of Developing A White Label Hybrid Exchange

1. 1. Recognizing the business needs

It is always necessary to decide what kind of exchange you would like to launch, what your target audience is, and what would make your exchange stand out from the rest.

1. 1. Completing Legalities

The next step would be to complete the legal formalities according to the rules of the land.

1. 1. Partner with reliable payment processors

Choose the payment processors that are acceptable among your target audience.

1. 1. Select a liquidity partner

Liquidity is the most desired feature of a white label hybrid exchange. You must select a legit network that improves liquidity.

1. 1. Customization

It’s an essential part of developing a business-friendly hybrid crypto exchange. A white label solution provider would help do it conveniently.

1. 1. Beta testing

It is necessary to test all features and functionalities before launching as it would help eradicate all flaws that can hinder its proper functioning.

1. 1. Launching

As soon as the process of hybrid exchange development is completed, the launching process would initiate. It’s the time when the exchange would go live.

1. 1. Post-launch support

Your hybrid crypto exchange software would require regular updates to combat vulnerabilities and other technical issues. Thus, it is necessary to provide ongoing support to run the exchange smoothly.

• It would be a completely secured platform for trading with a better control mechanism.
• It enables the business to make the best use of data and analytics.
• It’s a readymade solution that can be customized cost-effectively.
• Its UI/UX would be customer friendly.
• The hybrid crypto exchange software users won’t have to face the drawbacks related to centralized and decentralized crypto exchanges.
• The best part of hybrid exchange development is that it enables the users to use the most beneficial features of both, centralized and decentralized crypto exchanges.
• Even if a third party is regulating a hybrid exchange, users won’t lose custody of their funds.
• It would ensure customer privacy and help to trade compliantly.
• A hybrid crypto exchange allows speedy payment settlement and low crypto transaction rates.

• • Escrow Payment

Escrow-backed payments help develop better seller-customer relationships on a global platform where both parties are complete strangers.

• • Atomic Swap

Hybrid Crypto Exchange Software must allow the users to exchange crypto without involving any third party. The blockchain-based atomic swaps based on smart contracts mostly facilitate the process of exchange on hybrid exchange platforms.

• • Liquidation management

Hybrid exchange platforms make use of third-party liquidity protocols to enable a seamless flow of cryptocurrencies over the trading platform.

• • Top-notch security

A white label hybrid exchange must have robust security features, including multi-layered encryptions, two-factor authentication, KYC and AML modules, etc.