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.
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.
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 (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.
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 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.
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.
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.
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.