The crypto industry is booming with a market capitalization in excess of $2.03 trillion. Investors continue to invest more in Bitcoin (BTC), and Ethereum (ETH). There are currently 457 trading platforms around the globe. Crypto investors have many advantages, including anonymity, instant processing transactions, freedom from governments, hassle-free trade of assets, protection from inflation and liquidity. Do you want to be an entrepreneur and take a leading position in the digital economy? In partnership with Clarisco, create a White Label Crypto Exchange.
Step-By-Step Procedure To Establish Your White Label Crypto Exchange
Meet regulations - It's important to follow Know Your Client (KYC), Anti-Money Laundering, and Counter-Financing of Terrorism(CFT) guidelines when creating a Crypto Exchange. These rules are generally different from one country. This means that you need to consider all rules and regulations made by governments, investigation authorities, and enforcement agents. This is critical when crypto trading platforms expand beyond one country.
Network of investors - Managing a crypto exchange requires a significant amount of capital. You will need to invest capital in the creation of the tech stack , and hosting the exchange on a distributed server.
Work with a white-label provider - Centralized (Decentralized, Hybrid), Peer-toPeer (P2P), and Hybrid are all common types of Crypto trading platforms. A white-label provider can help you communicate your business goals.
Create a Liquidity API- A Liquidity API can help you attract investors from all walks of the globe. You have access to greater order depth and trading volumes, as well as cross-bridging assets. There are no fees. Investors have many benefits, including instant price discovery on different Centralized and decentralized trading platforms, easy access to order books, and discounted trading fees.
Collaborate with a payment provider -The international financial system has seen many changes. People are now interested in digital currencies, instead of holding coins and notes.
Implement security measures - Crypto investors must be protected from hacking, scamming, and phishing attacks. End-to-end encryption (E2E), two-factor authentication (2FA), PIN, multifactor authentication and Bluetooth integration are all essential.
Crypto holders have the option to protect their virtual currency by using secret recovery phrases and private keys. This prevents unauthorized funds from being used. Offline wallets are generally highly secure and include firmware verification, an ultrasonic seal, a secure updating procedure, additional support passphrases, backups of financial and personal data, and a protected bootstrap.
- Check the operation of the cryptocurrency exchange - It is important to inspect the functionality of the trading platform before it goes on the market. White-label solutions providers are skilled in smart contract auditing, penetration tests, protection against intrusion, security breaches, instant incident report for malicious attacks and Distributed Delusion of Service (DDoS), and prevention of unauthorized taking over of user accounts.
- Start marketing campaigns -Aggressive promotion is essential to keep your market share. You should post content on social media and instant messaging platforms regularly. This will attract your target audience. Crypto investors will be captivated by a variety of articles, blogs and press releases.
- Offer technical support - You can be a leader in the market and gain the trust of crypto enthusiasts. Investors need to be able to access technical support 24 hours a day. Users can quickly resolve issues such as enabling two-factor authentication (2FA), changing account passwords, withdrawing or depositing funds from software and hardware wallets, taking part in airdrops, and verifying identity.
Wrapping up
Digital currencies have surpassed $2.03 trillion in global market capitalization. The interest of big conglomerates and institutional investors in cryptocurrency is also growing. Market conditions are very bullish right now. Get in touch with us to Launch a white label crypto-exchange.
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