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White Label Crypto Exchange Software

The white label crypto software packages usually come with a set of functionalities that can be rebranded. You can just enter the exchange market and effectively present your own brand.

White Label Crypto Exchange Software
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Crassula Mobile Software

In recent years, cryptocurrency exchanges have seen a staggering growth in trading volume. Digital currencies currently play a vital role in the financial industries. The number of cryptocurrency users is increasing day by day on cryptocurrency exchange platforms. So many business people, startup owners, and entrepreneurs are willing to start their own cryptocurrency exchange. Here, we are plunging into the discussion of white label crypto exchange.


What is a white-label cryptocurrency exchange?

Essentially, it is a virtual space in which actions of buying and selling cryptocurrency are carried out. It is also frequently referred to as a business that allows customers to trade with stocks or any other type of financial asset.

The purpose or objective of this exchange process is simple: to enable a user or trader, to participate in a market in which they can obtain profits thanks to the price variations that occur in it. All the digital assets are mined using the free market value of each of them. And that is mainly how different parties reap the full benefits.

The white label crypto software packages usually come with a set of functionalities that can be rebranded. You can just enter the exchange market and effectively present your own brand.

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Main cryptocurrencies

Bitcoin

  • Bitcoin is the first and most popular virtual cryptocurrency put on the market. It runs on its blockchain with verified transactions that are carried out transparently and securely. There is no official Bitcoin value. The law of supply and demand simply governs its price.
  • For instance, after reaching its highest level in November 2021 at $68,000, the cost of bitcoin collapsed by almost 30% in one month. Thus, it is safer to handle crypto with third-party service providers.
  • The most essential providers in terms of trade volumes are Binance, Coinbase, FTX, Kraken, Kucoin, and others. Its mission is to protect you against an asset’s price reversal while enjoying flexibility.

Ethereum

  • Ethereum (ETH) is just behind Bitcoin. It uses its own blockchain framework. But unlike Bitcoin, ETH is not capped. It means that anyone can create an unlimited number of coins.
  • Besides that, within Ethereum currency, smart contracts or so-called programs exist. They entail codes and data that reside at a specific address on the Ethereum blockchain.

USDT

  • Tether is a stable cryptocurrency attached to an external asset, aiming to fix the price volatility. Each coin is backed by an equivalent amount in US dollars, which does not allow its value fluctuation as it t usually happens with Bitcoin or Ethereum, depending on market supply and demand.
  • Thus, Tether is an excellent option to avoid the risks associated with investing in the stock market.

Fiat currency

  • Fiat money is the future of crypto. It is issued and controlled by central authorities. Banks and governments restrict from gaining access to the growing digital asset class and handle cryptocurrencies directly. This makes virtual currency less credible than the real thing (hard cash or digital money in bank accounts).
  • In addition, cryptocurrency is much more volatile than fiat currency due to the speculative nature of the trade, where investors quickly focus on creating wealth by making profits. Thus, if we are talking about fiat money’s prospects, it will no longer be replaced by disruptive cryptocurrencies.

How does the exchange work?

P2P (person to person, peer to peer) cryptocurrency exchanges imply an interaction between real people, where the platform serves as a guarantor of the honesty of transactions. You can execute exchange operations directly without the participation of financial intermediaries or third parties.

New technology now makes it easier and less costly to transform the market by creating a new way of exchange. A system driven by software in the middle of each transaction is one of the examples.


A market-ready solution for a white label P2P exchange

It takes a lot of time and high costs to develop cryptocurrency exchange solutions capable of supporting the trading operations with various tokenized assets from scratch. The most innovative way to start a cryptocurrency exchange platform with less development cost is to use the best white label cryptocurrency exchange software.

Responding to the emerging cutting-edge tendencies, Crassula comes with its fully customizable and cost-effective solution that can help you to set up a profitable white label crypto business and generate high profits in a month.

Crassula’s highly rated solutions can be successfully deployed in your next white label cryptocurrency exchange business.

Let’s discuss your ideas about it and see how we can incorporate them into your business.


What are the benefits of having an exchange software platform?

  • It can be built rapidly and with minimal effort.
  • It is unnecessary to fix errors or undergo various adjustments as the solutions are tested in a production environment.
  • It is cost-effective and quick in deployment.

What is the cost of deployment of a white-label cryptocurrency exchange solution?

The cost depends on your specific requirements, personalized requests, customization preferences, and the features you wish to include in your white label solution. In any case, it is still cheaper if we compare it with developing from scratch.

Crassula software platform works on a modular architecture, making it possible for multiple types of businesses to design and build a solution that perfectly fits the requirements. You can create a solution with all the extra features and additional functionalities.


FAQ

A cryptocurrency exchange is an online platform where individuals can buy, sell, and trade cryptocurrencies with each other at current market prices. It provides a marketplace that facilitates the conversion of digital assets.

A cryptocurrency brokerage is a virtual assets service provider (VASP) that serves as a medium between traders and the cryptocurrency market. Crypto brokers can be platforms, businesses, or individuals, and they usually charge their users premiums for the opportunity to use the platform and access financial services.

The main difference lies in how transactions are executed. A cryptocurrency exchange provides a platform that directly matches buyers’ and sellers’ orders based on the available supply and demand on the exchange. In contrast, a cryptocurrency broker acts as an intermediary between the customer and various liquidity providers or cryptocurrency exchanges. By leveraging the connections with leading market participants, the broker can provide its customers with access to a broader market and execute trades at competitive prices. Overall, a cryptocurrency broker offers a more simplified way to buy or sell cryptocurrency, suitable for both retail and non-professional traders.

Besides a user-friendly trading platform that allows traders to buy, sell, and trade cryptocurrencies, brokerages also provide traders with real-time access to multiple cryptocurrency exchanges, charting tools, order types, and portfolio management functionalities. Some brokers even offer additional services such as personalized advice and support for trading decisions.

Crypto exchange or brokerage solutions have robust KYC, KYT, and AML procedures in place to ensure compliance with regulatory requirements and integrity of the platform.

While the KYC process involves verifying customer identities by collecting and verifying information such as name, address, and government-issued identification documents, 5MLD (Fifth Money Laundering Directive) and 6MLD (Sixth Money Laundering Directive) serve to strengthen the AML efforts.

KYT, on the other hand, examines the legality of a transaction and assesses its potential connections to financial crimes, money laundering, or the financing of terrorism.

Additionally, crypto exchange or brokerage solutions have to comply with the MIKA (Markets in Crypto Assets) regulations to ensure comprehensive security and transparency in the digital asset space.

Brokerages provide personalized services tailored to individual trading preferences and goals. A crypto brokerage is notably the best solution for beginners that know little or almost nothing about cryptocurrency trade and need more expertise and guidance.

Crypto brokers offer their users:

  • insights and recommendations on trading strategies
  • market trends and investment opportunities
  • convenience and simplicity achieved through a user-friendly interface
  • broad asset selection for trading and investment purposes
  • aggregate liquidity from multiple exchanges
  • ongoing customer support in case of technical issues

First and foremost, good cryptocurrency brokerage software has strong encryption, two-factor authentication, KYC, KYT, and AML procedures in place, and secure storage for user funds.

User management capabilities, including KYC/AML verification and account management, are equally important. The software should also provide digital crypto wallet management, reporting and analytics, customization options, and scalability.

Finally, comprehensive documentation that guides you through the software's features and functionality should be one of many considerations.

As a leading crypto bank provider, Crassula takes pride in offering a customizable platform for fast and instant buying or selling of cryptocurrencies. By deploying our functionally-rich solution suite, you can ensure instant payouts, verification of transactions, fast security checks, global currency coverage, an intuitive user interface, and compliance with relevant regulatory requirements that take years to combine in a new product.

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