How much does it cost to develop a cryptocurrency exchange software?

cryptocurrency exchange software development.


Factors that help shape the cost of an exchange software:


Deciding the type of exchange


The first step is to choose the type of exchange you want to build for your business. There are different types of crypto exchanges, each with its own characteristics and features. Therefore, the cost of building each platform differs from one another, depending on the requirements. Below is a quick glance at the types of exchanges.


1. Centralized exchanges


A centralized exchange is where a central authority manages the exchange orders and user funds. They will have complete control over the functionalities of the exchange and the transactions that happen on the platform.


2. Decentralized exchanges


With decentralized exchanges, there is no involvement from any third party having control over the transactions in the exchange. Users can conduct direct peer-to-peer transactions in a decentralized platform.


3. Hybrid exchanges


Hybrid exchanges are a combination of both centralized and decentralized exchanges. It eliminates the glitches in both the exchanges and provides a better optimized solution for traders enabling an efficient business experience.


These are the most common crypto exchange types. Other than these, there are also order book exchanges, ad-based exchanges, and binary exchanges which also possess their own characteristics.



Deciding the development method


There are two ways to go about developing a cryptocurrency exchange platform. The first one is,


1. Building from scratch


Building an exchange from scratch requires a ton of effort to gather the requirements for development, deployment, etc and needs technical assistance. This will take up a lot of time and cost you a fortune. Whereas, the second method eliminates these hassles.


2. Obtaining whitelabel cryptocurrency exchange software


whitelabel cryptocurrency exchange software


Choice of features


Another factor is the features. The cost of the exchange also depends upon the features that the customers choose. However, the essential features that cannot be ignored while building an exchange are as follows,


Multi-currency support integration

Multi-language integration

Secured multi-signature wallet

Powerful trade matching engine

Automated KYC/AML

Integrated Liquidity API

Investor dashboard

Admin Backend panel

Blockchain technology and smart contracts

High volume TPS

Payment gateway integration

Automic swap option

Trading Bots

Integrated referral program

Mobile applications support

Enhanced security integration


The price of a whitelabel exchange with every essential feature, technical, security integrations, etc, ranges from $20,000 to $40,000, $20,000 to $40,000, slightly differing from customer to customer based on their personal requirements.


CES


If you are looking to launch your own exchange, get in touch with our team of experts to figure out the explicit quote!

4.7 Star App Store Review!
Cpl.dev***uke
The Communities are great you rarely see anyone get in to an argument :)
king***ing
Love Love LOVE
Download

Select Collections