What is a Centralized Crypto Exchange?

A centralized crypto exchange (CEX) is a digital asset trading platform that enables buying and selling of cryptocurrencies. It mainly uses the concept of a middle-man or third party to conduct transactions, making higher reliability of crypto trading.

In fact, the centralized cryptocurrency Exchange is the favorite asset management platform for institutional investors due to its compliance standards and security services offered separately. 

A centralized exchange system involves third-party participation, APIs, and services that are responsible for the platform's security and reliability. The traders can store their crypto and fiat money in a crypto wallet and the CEX exchange records of all purchases and sales in an order book.

In simple words, centralized exchanges can be portrayed as traditional brokerage stock markets that operate only digital assets.

White Label Centralized Crypto Exchange Software

White-label centralized crypto exchange software is 100% customizable crypto exchange software that makes it easier to get started with the centralized exchange in a short span of time. It provides the entire infrastructure of a centralized exchange, including all technical and security features, and ensures cost-effectiveness with advanced features. Our white-label solution enables you to tailor the features, functionalities, and appearances to meet your business requirements.

Benefits of using the CEX platform

There are many reasons why small-scale investors and institutional investors are flooding into investing in centralized crypto exchanges. Some of the common benefits it can offer rather than decentralized exchange.

  • Easy-to-use functionality when comparing dex.
  • Higher speed and high liquidity
  • Substantial level of security
  • Regulatory framework and scalability.
  • Insurance protected assets
  • Unique custody service for assets
  • Multiple investment opportunities.

Must have features in Centralized Exchange Development

As a centralized exchange operator, you should supercharge your platform with the must-have features listed below. 

  • Multiple crypto wallets integration
  • Interruption-less trading process
  • Multiple payment gateways
  • Highly transparent custody
  • Enriched UX/UI designs
  • Faster transactions
  • High liquidity
  • Multi-Currency support
  • Use of escrow
  • Intuitive user interface
  • Real-time order matching system
  • Device compatibility.

Finding a centralized exchange development company

Having the portfolio by developing a good number of centralized exchanges, we positioned ourselves as the trusted partner in developing crypto exchanges. Moreover, Hivelance is recognized by industry leaders like GoodFirms as the best crypto exchange development company.

Our motto is to consider our client’s needs as a valuable asset and put maximum effort into creating and launching the CEX platform according to your requirements.

We are a team of experts in blockchain technology who can provide the most promising and groundbreaking solutions with full focus. Users can opt for both services like the development from scratch or can also choose our ready-made Cryptocurrency Exchange S. Some of our noteworthy attributes are,

  • 10+ years experienced panel of blockchain developers
  • 25+ blockchain projects delivered
  • Rendition of project on-time
  • Separate team for quality check
  • Customized outcomes
  • Hassle-free trading platform development
  • Agnostic technologies inherited
  • 24/7 customer service
  • Post delivery support
  • Top-notch designs.

How to generate revenues from a CEX?

Being done with the development work of your centralized exchanges, you should figure out the business models you can use. Here we can tell you a few ways to earn money by running a centralized cryptocurrency exchange platform. They are listed below.

Trading fees: This is the absolute and prominent way to earn money from CEX. By laying the transaction fees, owners of the platform can gain income from the platform. Some of these may be higher and some can be lower according to the type of platform.

Deposit/ Withdrawal fees: This is the standardized fee that is collected by crypto exchanges. Every time a user deposits or looks to withdraw funds, they have to pay a small amount of fee to the exchange. The required fee may vary depending upon every exchange.

Token listing fee: The launching of any new startup in the cryptocurrency ecosystem will begin with token listings. Token listing is essential to raise funds for the project’s development. To facilitate this service, the exchange will charge a fee from the startups.

 

We at Hivelance, have experienced and skilled developers who develop the centralized crypto exchange software with latest technologies and tools. Contact us, to learn more about centralized crypto exchange development.

 

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Source Link: https://www.hivelance.com/centralized-cryptocurrency-exchange-development