Different Types of Cryptocurrency Exchange Development Services
A Cryptocurrency Exchange is a platform for individuals and traders to buy, sell & exchange cryptocurrencies with fiat currencies such as INR, Euros, dollars, pounds, etc… Basically, there are mainly three types of exchanges in the market namely:
1. Centralized Exchange
2. Decentralized Exchange
3. Hybrid Exchange
Centralized Exchange:
Centralized exchanges work like a bank or traditional stock exchange where the buy and sell can be connected only after the approval of an admin, and the exchange depends upon the admin who has control of the funds. The customers deposit their funds directly into the exchange, and the admin initiated the transaction process.
Decentralized Exchange:
A Decentralized exchange works without admin or any third party. The transactions in a decentralized exchange occur directly P2P between two parties. A tailored or white-label decentralized exchange comes with an automated KYC process and also enables user privacy. As there is no involvement entirely in the trader. Also, the P2P nature ensures enhanced security for the users.
Hybrid Exchange:
A Hybrid Crypto exchange is one that supports both centralized & decentralized crypto exchange. (i.e) The Hybrid Crypto Exchange platform supports both direct trading between parties as well as trading with the involvement of central admin.
Cryptocurrency Exchange Development Services
Maticz — The pioneer Cryptocurrency Exchange Development Company for bitcoin traders and entrepreneurs to start an advanced cryptocurrency exchange platform.
Our strong knowledge of Blockchain technology makes us develop a White Label Cryptocurrency Exchange Software that enables seamless and hassle-free crypto exchange with advanced trading functionalities.
1. Centralized Exchange Development (CEX)
2. Decentralized Exchange Development (DEX)
3. Hybrid Exchange Development (HEX)
4. P2P Crypto Exchange Development
5. Crypto Exchange Clone Development
6. Crypto Wallet Development
7. Crypto Trading Bot Development
Spot Trading: It allows the traders to open and close orders instantly and it supports large amounts of orders without any glitches.
Over-the-Counter (OTC): In the OTC platform buyers and sellers can interact and settle trade directly.
Margin Trading: Margin trading means trading assets using funds provided by a third party.
Fiat-to-Crypto trading: It empowers users to explore the power of their digital assets by launching a fiat-to-crypto trading platform. Your users can exchange their conventional fiat currency for crypto and vice-versa.
Futures-Option trading: In this platform, your customers can buy long or sell short crypto assets at predefined prices.
Know more about our Cryptocurrency Exchange Development Services
