Crypto is experiencing rapid progress in its development. Within a short span of two and half years between February 2018 to August 2020, crypto has seen a major boom of 75%. The trading of crypto on different platforms has seen a growth of 500% since March 2020. As the trading related to crypto is growing, cryptocurrency exchange development is also increasing. Don’t you think that there must be certain features within these crypto exchange software to make it completely operational?
It is a fact that certain trading features, security features, and some components need to be incorporated within cryptocurrency exchange software. The crypto market has become very competitive. The startups doing the crypto exchange are facing significant challenges in attracting traders. For this, it would be required to include various features in the exchange.
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Table of Contents
Features of Crypto Exchange Platform
Transaction Speed
The market of crypto is very dynamic. What would be the consequence if the crypto exchange process remain slow? It would impact negatively on the business if their crypto exchange remains slow. Hence, you should focus to enhance the speed of your crypto exchange transactions so that the trading process gets completed within less time.
Wallet Accepting Multi-Currency
There are more than 2000 cryptos in the market. How will you feel if your crypto exchange accepts only a single or very few currencies? It will attract fewer users due to the non-acceptance of different cryptocurrencies. For resolving this issue, it becomes necessary to ensure the support of multiple currencies in buying, selling, and storing crypto. It also remains the equal importance that the crypto exchange should also be supporting the multiple pairs of trading.
Staking
Have you realized the fact that not all the users of the crypto users are traders? Many of the people just hold and they only trade when there would be a boom in the market. For this, staking should be an essential feature in the crypto exchange application so that users can earn interest on their crypto assets. It would be an attractive feature that will help you in enhancing your users.
Authorization and Verification
Whenever you visit any digital platform, what is the most essential thing that you consider most? Most users want to experience such a simple onboarding process. By ensuring simplicity in the crypto exchange platforms, interaction with more users can be attained. Crypto exchange platforms must be designed in such a manner that has a significant amount of transparency so that possibility of the fraud can be eliminated.
There must be anti-bot as well as two-factor authentication. The registration process of the crypto exchange platform should be made in such a manner that remains user-friendly as well as consistent and for this purpose, UX/UI design should be installed.
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