A 34% increase in global cryptocurrency adoption was recorded in 2023, signaling a rise in crypto ownership. This increase has paved the way for new use cases and virtual currencies like DAOs, NFTs, and more. With more businesses looking to adopt cryptocurrency, the need for a service provider to satisfy this niche has become more essential; hence, white label crypto exchange solutions.
The term “white label” has gained immense popularity, particularly in this highly developed era where businesses need technology. It refers to a business model of building fully functional solutions for other business providers. These pre-made solutions reduce time and resources and contribute to the prompt launch time of multiple businesses. However, is the concept of white-labeling similar in the cryptocurrency industry?
What are white-label crypto exchange solutions?
The early days of cryptocurrency featured heavy dependence on the pioneer coin, Bitcoin, whose technology deterred quick on-chain building. Startups interested in launching their products with Bitcoin’s technology experienced difficulty until the launch of Ethereum. Still, many businesses lack the expertise, and there was no doubt professional intervention was essential.
White label crypto exchange solutions offer pre-made solutions to businesses, allowing you to jumpstart a crypto exchange business in months or weeks without experiencing the technical complexities, security and regulatory precautions, and other challenges of developing a white-label crypto exchange solution from scratch. In this highly competitive environment, white-label platforms must swiftly create cryptocurrency exchange platforms with state-of-the-art technologies and full functionality for their clientele base.
Types of White-label Exchange Software Solutions
White-label exchange software providers appeared as the need for pre-made cryptocurrency services arose. Interested entrepreneurs saw this as an opportunity to own the solutions that met their needs without experiencing the difficulties. Today, there are different types of crypto exchange software solutions you can choose from, and they are:
Payment Processing
The need for a payment processor is unarguably essential, as businesses need a solution that can execute trade easily and securely. Today’s payment processor allows clients to pay for their goods and services using either fiat or cryptocurrency and the businesses, in return, get to receive this payment within minutes or less.
P2P Trading
Trading on cryptocurrency platforms has experienced a transformation over the past few years. To encourage trust and ensure security between both parties involved in a trade, the P2P trading system has been adopted. This trading type is a process where two crypto traders buy cryptocurrencies at a favorable rate agreed upon by both parties on a special platform via direct transfer, direct wallet transfer, or through the use of direct bank cards.
Order matching system
Order matching is a crucial part of a cryptocurrency exchange as the system for redistributing pending orders from the order book and also stabilizes the reading processing to prevent the erratic movement of digital assets. Operating on a complex yet simple mechanism, order books help traders purchase an asset at the best price.
Administration Interface
A well-designed interface in any cryptocurrency exchange platform determines the overall experience of users. A good interface provides a pleasurable experience while a poorly designed one is less likely to improve traffic. Administration panel design is another service rendered by white-label crypto exchange development solutions and gives users complete control. Be it a trader looking to manage their investment portfolio by tracking every asset’s volatility with the provided charts, tables, and other visual elements or a Crypto9 newbie interested in learning the ropes, a good administration panel is essential.
Cross-chain Bridge
Interoperability between blockchain systems has promoted trade and provided the freedom to trade all assets. However, this tool of convenience is a result of years of hard work and may still pose an inconvenience to many when it comes to inputting, outputting, or selecting the assets on both networks. White-label crypto exchange solutions help develop cross-chain bridges per their client’s needs and goals.
Top Benefits of White Label Crypto Exchange Solutions
There are different kinds of benefits business owners stand to enjoy when they choose white-label crypto exchange development solutions, and they include:
Access Professional Expertise
The field of blockchain development demands extensive knowledge of software technology, statistical analysis, and visualization, just to mention a few. Even though certain people without formal training or experience may claim to have basic knowledge, their level of experience is insufficient to build the solutions of your choice. More chances for businesses to benefit from blockchain development are created when they request white-label solutions, particularly for crypto exchange development.
Constant support
Businesses enjoy constant support, updates, and management when they are handled by a third-party white-label crypto exchange development solution. This provides businesses the opportunity to concentrate their team members’ time and skills on more important business decisions, such as customer engagement, rather than spending a lot of resources on customer support.
Customization
Similar to interactive website builders, white-label platforms let you easily alter design elements, adjust menus, and change layouts with a few clicks to meet your brand’s aesthetic. However, the ease of doing this depends on the white-label setup procedure, as the difficulty can range from easy to professional help.
Optimal Security
White-label crypto exchange platform solutions offer the best market practices-compliant integrated security you experience in many cryptocurrency exchange platforms. These features include AML, KYC, KYT, two-factor authentication, anti-terrorism financing procedures, and more. In addition, businesses can choose to customize the security mechanism of their platform version.
Why Businesses Should Opt For PTPWallet as Their Preferred White Label Crypto Exchange Solution
PTPWallet white-label solution is one of the best for exchange startups that want to launch their own swaps in their platforms. Our services offer a variety of complementary tools that range from CRM to payment processing tools, liquidity options, and more. The service is economical and suitable for small and medium-sized enterprises, as they can access different built-in features like strong security features that ensure safety and performance. You should consider PTPWallet exchange services if you classify under the following:
- Novices in the cryptocurrency business are starting to interact with a ready-to-use exchange to learn about the market and establish your selves.
- Creators of coins and tokens that are interested in building a whole ecosystem to market their products.
- Current exchange owners are looking to experience a change to attract new customers and remain relevant in the ever-evolving market.
