Binance is one of the largest cryptocurrency exchanges in the world in terms of daily trading volume. Ever since it was introduced by Changpeng Zhao in 2017, Binance has been the ‘talk of the town’ and is ruling the crypto market in terms of trade volume, token listings, and trading pairs.
Binance has made some inroads among new-age investors as well as entrepreneurs over the past few years. Due to its rising popularity, businesses have started launching Binance-like exchange platforms by using the Binance clone script.
Binance clone script is a ready-made, secure, customizable, and multi-tested software that is an exact replica of Binance. It is designed without infringing the copyright violations of the original version. The script holds all trading modules and specialized functions offered by the Binance exchange. Entrepreneurs can make desired changes in the features, themes, or user interface of the clone script as per their business requirements.
Both traders and exchange owners can enjoy a high return on investment by investing in Binance. Trading fees, interest on loans, spreads, cloud offerings, interchange fees, mining services, and investment earnings are some prominent revenue generation methods on Binance. The platform also makes money by charging listing fees when new cryptocurrencies are listed on the platform.
If you are also willing to generate some revenue by creating a Binance-like exchange platform, then you’ve come to the right place. This blog highlights the reasons why using a Binance clone script to develop a crypto exchange is a smart business idea.
However, before moving further, let’s understand some crucial factors that make Binance a renowned crypto exchange.
What makes Binance a renowned exchange?
The Binance exchange is one of the popular crypto exchanges due to the following reasons:
Binance offers two types of trading levels to its users – basic trading level and advanced trading level. The basic trading level is created for beginners and the advanced trading level is created for professionals or experts. So, it caters to both beginners and experienced traders.
There is no compulsion for crypto traders to go through a KYC or AML verification process. However, users without KYC and AML verification are allowed to withdraw a specific amount of cryptocurrency in a day.
Binance offers a referral program to better engage new and existing users. Whenever a new user joins the Binance exchange through a referral link, the existing user is rewarded with a bonus.
Binance has also developed its virtual gifting platform named Gifto and token launch program named LaunchPad.
Binance offers over 1255 trading pairs (according to Coinranking) to help users diversify their investment portfolios.
Reasons for using Binance clone script to develop a crypto exchange
The following are some benefits of using the Binance clone script to develop a crypto exchange:
The Binance clone script comes with an appealing user interface design that allows users to experience easy navigation on multiple devices such as smartphones, tablets, or websites with appealing and interactive images.
You can expect the below-listed features in a Binance clone script:
Real-time price chart
Automated KYC and AML
Fingerprint or pin lock integration
Gift card exchange
Secure crypto wallet
Multiple payment gateway integrations
In addition to that, a Binance clone script must also be integrated with the following security features:
Escrow shield protection
Jail login & encrypted data
Cross-Site Request Forgery (CSRF) protection
Anti-Denial of Service (DDoS)
Anti-Distributed Denial of Service (DDoS)
End-To-End chat encryption
Server-Side Request Forgery(SSRF) protection
HTTP parameter pollution protection
End-to-end encrypted transactions
To sum up, we can say that a Binance-like exchange is an excellent option to start a new venture and the Binance clone script offers a great opportunity to businesses to avoid delay in platform development, saves resources, and helps achieve a fast-paced platform delivery.
If you’re looking for a company to buy a Binance clone script, then Antier Solutions can be your trusted technical partner. We are a top-rated Blockchain development company that helps businesses of all sizes launch cryptocurrency exchange platforms by providing them with the best crypto exchange clone scripts. Whether it’s about developing a cryptocurrency exchange platform like Binance or building a customized crypto exchange from the group up, we offer mission-driven services to help you accomplish your business goals.
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