The growing popularity and adoption of Cryptocurrencies have generated the path for a new trading world powered by disruptive blockchain technology. Various Startups and well-renowned organizations are tapping into the crypto marketplace by launching a crypto exchange. That has the potential to render an immense amount of revenue for the owners.
Binance - the world-most Crypto Exchange, recorded $30 million in revenue for the first half of 2021. This figure is a testament to huge earning possibilities for exchange owners. If you are planning to launch into crypto exchange development to create a new revenue stream for yourself, an explicit roadmap will contribute to a smooth deployment journey. Although diverse factors need to be taken into consideration, one of the preliminary things to consider is whether you want to create your crypto exchange from the ground up or choose a Binance Clone Script instead.
Given the increased competition in the crypto market, you must take the lead to maximize your possibilities. This is why the Binance Clone Script is a flawless and most popularized option to launch a Crypto Exchange.
What is Binance Clone Script?
Binance Clone script is a readymade source code that can be leveraged to launch a crypto exchange instantly into the crypto marketplace. As the code is readily available, you need to make small customizations such as branding the logo, and other minor tweaks needed. And you are willing to get enter the market with your crypto exchange in less period.
Businesses choose the Binance Clone script to launch their crypto exchange because it:
-> Fetches down the development time
-> Reduces the cost of development
Consider the architecture of your crypto exchange before choosing a Binance Clone Script
Upon the architecture of your crypto exchange, decide and pick the exchange clone script acclimated to suit your business model.
Here are the things that you can believe to determine your Crypto Exchange platform's architecture:
Platform elements and trade instruments to be integrated Wallet integration Fee structure Specific features needed on the front end Optimize your Exchange platform for mobile or native iOS or Android app
Prepare for other things to facilitate your development Journey
As you choose the architecture of your crypto exchange, be ready for other things required to launch a crypto exchange, including:
The Regulatory framework in the jurisdiction of operation
You need to consider licensing, laws, regulations, and implementation actions persistent in the jurisdiction in which you want to utilize your crypto exchange. In addition to being aware of the regulations, connect with the KYC provider that you plan to utilize. Also, consider if you have finished your due diligence and if you are willing to sign an assurance with the KYC provider.
Partner with a bank
Find out what type of relationships you require to build with a bank. In addition, clinch whether you need any license. If you plan to offer native currency trading pairs on your crypto exchange platform, you will be needed to have a treasury or custodian account to process the transactions of the native currencies of your users.
Generate liquidity
Generating high liquidity on your crypto exchange with the Binance Clone script will not only allow you to satisfy your user's orders with the lowest latency but also assist you to attract new users. Maticz's Binance Clone script provides a solution to achieve high volumized liquidity. It builds a highly secure API connection to the ultimate crypto exchange platforms to drive liquidity.
Get a live free demo along with a Price plan of their white-label crypto exchange similar to Binance or connect with their business experts to share your thoughts to create your own crypto exchange from scratch.