Blockchain, This Giant Tech is revamping the way that primary sectors used to be. Now in 2020, Cryptocurrency Exchange is the promising revenue-generating business and the increase in acceptance and interest in Cryptocurrencies spontaneously increases the number of Cryptocurrency Exchanges. To stand out from the competitors, one must need to have their own blockchain in their Cryptocurrency Exchanges.
Brand recognition
A notable recognition is created around the people. By building a separate blockchain any Crypto Exchange can create their own native coin or token, which will definitely bring Brand identification.
Builds Traders Trust
Traders' trust rate for your exchange will increase with your own blockchain so that your exchange would get more user engagement.
Privacy level Fixation
As you have your own blockchain, it allows you to choose the privacy level of transactions
Enhances Market Share
The Market Share value will significantly increase because of your own blockchain
Faster Transaction
Everything is automated from trade matching to payment verification, thus fast transactions occur.
Flexibility
Your own blockchain lets traders trade in it more flexibly.
Efficiency
By developing their own blockchain, the exchange can position themself in the market and the efficiency is significantly improved.
Cost Reduction
Smart Contract automates every process, there is no need for any additional services thus it is a kind of cost-cutter.
Popular Cryptocurrency Exchanges with their own blockchain
Popular Cryptocurrency Exchanges like Binance, Huobi, OKex, have their own blockchain. Binance Focuses on Ehereum and Huobi, Okex focuses on the Defi platform in its blockchain network.
Blockchain Development for Cryptocurrency Exchanges is much needed to positioned themself in the Market and to gain and hold traders' trust.
