Startups and entrepreneurs have been bringing up innovative business ideas in the newly evolved crypto space. There is no major business concept, however, that can match the potential of the crypto exchange business. There is no denying that many crypto startups and entrepreneurs are keen to build a cryptocurrency exchange. Generally, when developing a web application will take more time, say 6-7 months. It is difficult to fund the full development process. Waiting for such a long time will make you frustrated.
So how to deal with this hassle?
Speaking of the development period of crypto exchange, it varies on many factors
- The way crypto exchange platform is developed.
- Features that you are about to integrate into your prospective crypto exchange.
- Revenue-generating modules that you are about to integrate into your cryptocurrency exchange.
- The software provider you are selecting to customize.
Let us review the factors:
- Cryptocurrency exchanges are developed in two ways. Either it can be developed from scratch or by using pre-programmed white-label cryptocurrency exchange software. When considering the scratch method, it will take to develop a cryptocurrency exchange at least a year to complete. But, by using a white label crypto exchange software entrepreneurs can start a crypto exchange platform instantly, it takes only less than 15 days. So, most crypto startups and entrepreneurs will choose this type of crypto exchange development method.
- Features that you are about to integrate into your prospective cryptocurrency exchange. Not all crypto exchanges require similar features. It varies based on the unique business demands. It includes security options, trading options, and advanced features. Based on the complexity of the integrations, the development time will vary.
- Revenue-generating modules that you are about to integrate into your cryptocurrency exchange. You can include revenue-generating modules like the token listing modules and IEO launchpad to your exchange platform in addition to integrations and features of the crypto exchange. I would say these integrations will add an additional value to your crypto exchange platform. Furthermore, you can increase your profits. So, in terms of the crypto exchange development period, you can stretch a little further.
- The software provider you are choosing to customize. You must consider one most important factor. This one here plays a major role in your entire crypto exchange development. Because when you opt for a poor resource, it will not help you in any aspect. This thing we are talking about here is a crypto exchange platform. It must be developed under Blockchain professionals who have high experience in developing crypto exchange platforms. So opting for experienced crypto exchange software providers will assist you to reduce the crypto exchange platform development time.
We have made a decision here (using white-label crypto exchange software), and we need to talk about the price of developing a crypto exchange. You may be asking whether there is a connection between the price and the time it takes for a cryptocurrency exchange to flourish. There is.
Compared to the other crypto exchange development methods, white-label crypto exchange software costs fabulously low. Developing a cryptocurrency exchange from scratch costs more than $40k USD. But, using a white-label crypto exchange software costs only 4k USD. The development process is simple too. As this method of developing a crypto exchange is efficient and cost-effective, many crypto startups and entrepreneurs are opting for this crypto exchange development method.
How do I launch the white-label cryptocurrency exchange software?
A white label crypto exchange software is a preprogrammed and tested software that lets the cryptopreneurs customize and optimize the software based on their unique business needs. It not only withholds the basic operations but also has all the trading options and advanced security. So, many crypto startups of this generation are preferring this white-label crypto exchange software to launch their crypto exchange business.
Benefits of using white-label crypto exchange software:
- Easily deployable
- End-to-end customizable
- Cost-effective
- Highly secured software
- Feature-rich software
- Stunning UI/UX
By acquiring reliable white-label crypto exchange software from the best crypto exchange software provider, entrepreneurs can start their crypto exchange business in just 10 days. What is a better deal if not this one?
Therefore, it's important to pick a reputable crypto exchange software provider in this case. Worry not, I have done the legwork and found Fire Bee Techno Services holds the leading position and they are in the crypto exchange development industry with a majestic portfolio of 50+ crypto projects. They have been doing a great job assisting crypto startups with the best white-label crypto exchange software.
You can reach out to their business professionals and get your quote via,
Whatsapp/Telegram: +91 7397571188
Mail: [email protected]
Get a free demo of their White label crypto exchange software << here