Centralized Exchange Platform Design Company In Houston, Texas
What does a cryptocurrency exchange do?
Why you should build a centralized cryptocurrency exchange?
Although the whole concept of blockchain and cryptocurrency revolve around decentralization, it is easier to have the exchanges themselves centralized. The exchange act as a middleman to store and manage your assets, so you don’t have to take complete responsibility for your wallet.
Also, it is only in centralized exchanges that you can trade cryptocurrency and fiat currency for each other. This means that you can use cash to buy any coin. Therefore, centralized exchanges also allow the trading of crypto assets from and to different blockchains.
In decentralized exchanges, no third party holds on to your assets, and all transactions are made via smart contracts. Inter-blockchain trading is not possible in this case.
What goes into building a centralized exchange?
We also discuss the rules, regulations, and guidelines pertaining to crypto exchanges in your state or country and evaluate the features that can be incorporated while adhering to them.
We can finalize the estimation of development cost as soon as the plan is approved, and once the product is deployed, we can calculate the overall cost after considering custom user requirements.
In the design and development stage, we would use top coding languages like Node JS, Angular, Java and so on for front-end and back-end development. The choice of databases, such as MySQL, would also be made at this point.
Following the completion of fundamental elements, the integration of API comes into effect.
Features like payment gateways, cold wallets, hot wallets, bots used for trading, and any others that users may need would be included.
A beta version of the platform can be released to the investors at this stage. Then, after adequate testing, we can host the fully functional exchange and then continuously monitor it for bugs until –and even after– it is launched.
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12345 Jones Rd Suite 246, Houston, TX 77070, United States
+1 (832) 533-2620