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  • (01. January 2010., 10:27:49)









Author Topic: Noteworthy Features to Think About while Developing a White Label Binance Clone  (Read 977 times)

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jamie-lucas

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If you are planning to create a White label Binance Clone Script in South Korea, the following are the six crucial things that you need to consider.

Architecture

Due to its benefits, Microservices Architecture is earning much momentum. MicroServices-powered software solutions distribute the work among multiple groups in such a way. That each group operates individually without imposing any workload on any other module.

If you are going with White label Binance clone script development, then find a solution built on a microservices architecture. If you wish to integrate another module into your crypto exchange in the future. It can be assured without impacting the execution of other already-existing modules.

Liquidity generation

Liquidity is one of the important elements that attract crypto users to a particular crypto exchange. Liquidity refers to the capability of a crypto coin to be transformed into cash or another coin efficiently. Both White label Binance Clone Script should offer solutions to achieve high volumized liquidity. Typically, there are two steps to improve liquidity. First of all, create an API connection to other crypto exchanges. And Secondly, bot integration into the crypto exchange.

KYC and Sign-up details

Cryptocurrency Traders need to sign up on the crypto exchange to start their trading activity. Regulatory compliance relies on where your crypto exchange is located and the regions you wish to target. In most cases, crypto exchanges abide by the KYC/AML verification to ensure the safety & security of transactions.

If you are seeking to set up your exchange in south Korea or any other country, then it is preferable to integrate KYC/AML regulations into your crypto exchange. In addition, to maintain the safety of funds while transacting, it is advisable to go with email verification, OTP to log in, and two-factor authentication.

Supported cryptocurrencies

Most Crypto Exchanges offer a limited number of crypto pairs to trade. If you want a customer to start trading through your crypto exchange, then you require to render a broad range of trading pairs. The usual list consists of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and more., You need to go beyond this list and add multiple other crypto trading pairs to your white label binance clone script software.

User features

The world is moving quickly towards the trend of the digital ecosystem. Thus entering into the Crypto exchange business is a unique business possibility.

Important features to be integrated into the crypto exchange:

  • Powerful trading engine
  • Both crypto-to-fiat and crypto-to-crypto support
  • Multi-language support
  • Referral and reward program
  • Geographical-based KYC and AML verification
  • Multi-layer security
  • High TPS (Transaction per Second)
  • Bot trading
  • Staking
  • Advanced chart tool and others
  • Admin-panel

There should be a powerful admin panel that will govern all of the activities of a crypto exchange. You need to set up a banking gateway to manage all the deposits and withdrawals via Binance clone software. A Robust admin panel should ensure the required continuous update, customer support services, supporting APIs, customize the user interface as per your business requirements, and more.,

Final Thoughts

Starting a Crypto Exchange platform may seem to be a technically confusing task. But if it is handled under the expert's guidance, it will generate huge earnings for a longer period. Maticz Technologies is a leading Crypto Exchange Development company with vast years of experience in developing mission-driven cryptocurrency exchange platforms.

We deliver both white label Binance clone scripts and customized exchange solutions to clients in South Korea and globally. Schedule a free live demo of our White Label Binance clone script or connect with our subject matter experts to share your business requirements.

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