Instead of developing a trading platform from scratch by hiring a team of blockchain developers, a cost-effective way to gain a strong foothold in the market has emerged in the form of a ready to use Cryptocurrency Exchange Software.
The notable features of the Cryptocurrency Exchange Script are
- Adequate provision of liquidity ensuring smooth processing of orders raised by the crypto buyers and sellers.
- A real-time price ticker API that notifies the traders if there is any change in the prices of cryptocurrencies.
- A multi-signature wallet where the users can store their crypto coins and tokens safely.
- A margin trading facility where traders can increase their returns by taking either short or long positions on their assets.
- Security measures like anti-DDoS protection, cross-site request forgery protection, server-side request forgery protection, an escrow-based system, jail login, firewall implementation, fingerprint authentication, HTTP parameter pollution protection, end-to-end data encryption, and multi-factor authentication.
- An admin dashboard to have a real-time view of all the business operations.
- An inbuilt chat option for smooth communication between the buyers and sellers.
- Spot KYC/AML verification of the users to ensure a high level of authentication and trust.
- Integration with numerous payment gateways for faster fund settlement.
- Acceptance of a wide variety of orders like market, limit, stop-limit, take-profit, and stop-loss orders.
- An integrated referral program where rewards are distributed to existing users for referring new users to the trading platform.
The detailed procedure followed in the development of a Bitcoin Market Script
- Identifying the business requirements of the firm.
- Designing a comprehensive outline of the project.
- Integrating blockchain technology and the smart contract into the solution.
- Adding the necessary features and functionalities.
- Rigorously testing the exchange to remove all the technical bugs.
- Deploying it on the operational network.
- Launching it officially in the market.
- Providing maintenance support and software upgrades post-deployment.
Conclusion
With Bitcoin soaring past $49,000 recently, the market conditions are highly apt now to get the Bitcoin Exchange Software and strongly thrive in the booming industry.