Creating a crypto exchange platform from scratch requires extensive planning, long-term development, and rigorous testing before the final launch. Even when the platform gets launched into the main DeFi ecosystems, businesses or companies in ownership will have to establish continuous monitoring and optimization routines for unhindered functional performance. Since it requires a longer time to market and often creates financial problems, most businesses and organizations involved with the decentralized realm prefer white label crypto exchange.Â
It’s a pre-developed set of templates and protocols that can be customized further to meet the business’s needs for the crypto exchange platform. All the backend tasks, like planning, development, testing, and others are handled by a third-party agency. The business will have complete ownership of the platform, thereby maintaining the necessary credibility and transparency for the targeted users. If you are speculative about using a white label exchange platform for your cryptocurrencies, the following illustration will help clear your doubts. Here, we not only have presented detailed information about this platform but also compiled a list of the best white label crypto exchange solutions.Â
Types of White Label Crypto Exchanges Prevalent in The Market
First of all, let’s have a quick look at the four major types of white label crypto exchange solutions that you can opt for trading and investment purposes in the DeFi ecosystem. It will give you further clarity about which exchange platform to choose for further activities.Â
1. Payment Processing
These crypto exchange platforms with a white label protocol allow users to purchase digital assets of different forms through conventional fiat currencies. They can either use their bank cards or directly transfer the money from a financial system to the platform’s wallet for the purchase. Such exchanges need to have exceptionally high processing speed so that transaction completion won’t take too long and the purchase can be done within seconds.
2. Matching Engine
One of the key components of any WL crypto exchange platform is the matching engine. It is used to streamline the supply and demand chain by matching buying and selling orders to facilitate trades on the platform. In other words, it matches all the buy and sell orders and verifies if there are enough crypto volumes available in the DeFi market to process the trade or not. Several algorithms are used to match the orders and execute the trades automatically without manual intervention.Â
3. Cross-Chain Bridge
With the goal of providing higher liquidity to traders and investors, several white label crypto exchanges act as a cross-chain bridge. They connect different blockchains so that users can move crypto coins from one blockchain to another without requiring intervention from any third-party entity. In other words, they offer easy access to multiple blockchains so that users can utilize their digital assets with no worry.Â
4. Admin Panel
Last but not least, we have an admin panel crypto exchange that offers central authority to the users by including all the necessary components in a single platform. It comes with numerous built-in features, like charts, graphs, and others that allow traders to check the market conditions, track price action movements, access past trade orders, and so on.Â
Top White Label Crypto Exchanges For Traders
With so many different crypto exchange solutions, choosing the most feasible one for yourself can prove to be a cumbersome task, associated with overwhelming and conflicting thoughts. To help you with this, we have compiled a list of the best crypto exchanges based on the white label protocol.
1. Openware
Openware is known for providing white label solutions using blockchain technology, including crypto exchange platforms, DeFi marketplaces, wallet infrastructures, and many more. The experts ensure the development of future-ready and highly scalable DApps so that end users can modify and customize the functional modules to accommodate the growing business needs without building the architecture from scratch. Thanks to the affordable solutions, businesses, and decentralized autonomous organizations can build and launch custom crypto exchange platforms with minimal investment.Â
2. ChainUP
Founded in 2017 and based in Singapore, ChainUP is one of the leading providers of crypto exchange solutions in today’s DeFi ecosystem. It offers numerous systems and technologies, including trading platforms for different types of digital assets, cloud-based wallet infrastructure, non-fungible token creation and deployment mechanisms, and staking and mining services. It extends the end-to-end technical support required to develop a white label cryptocurrency exchange platform. On top of everything, it also implements high-end algorithms to manage distributed traffic and handle high trading volumes without compromising system performance and server uptime.Â
3. Merkeleon
With 6 years of experience in custom software development, Merkeleon has become a renowned white label crypto exchange development company. It offers unique solutions based on state-of-the-art technology, allowing businesses and decentralized autonomous organizations to build custom exchange platforms and online digital auctioning stages for their end users. The experts guarantee optimal security and end-to-end transparency for the DApps, ensuring zero manipulation and forgery of the information.Â
4. Exberry
Exberry is more focused on providing unhindered access to the recent tools and technologies involved in developing and launching state-of-the-art crypto exchanges through a white-label protocol. Their matching engine operates completely on the cloud network, thereby providing higher security and stability to the entire system. Additionally, with a distributed ledger, the transaction execution speed is optimal and can be carried out within seconds. Also, the white-label crypto platform can be scaled anytime to accommodate the increasing trade volume and user traffic.Â
5. HashCash Consultants
If you are planning to start your own white label crypto exchange platform, choosing HashCash Consultants will be an ideal choice. It not only offers white-label solutions in blockchain technology but also has enough domain knowledge and technical expertise in IoT, AI, and big data. Hence, amalgamating these technologies in your crypto exchange platforms will give you an upper hand in the hypercompetitive DeFi ecosystem and provide an omnichannel experience to your end users. Thanks to the best-in-breed blockchain solutions, end users can perform numerous tasks, like transferring money, faster payment processing, and trading cryptocurrencies between different blockchains.Â
6. OpenLedger
Running on the BitShares blockchain, the OpenLedger WL crypto exchange platform is well known for its high performance and scalability. It offers custom solutions to businesses, government organizations, and decentralized autonomous organizations across the world. Since the company operates on the Blockchain-as-a-Service protocol, its white label crypto solutions are highly secured, maintain optimal end-to-end transparency, and provide the necessary credibility to the end users. Also, the company is planning to launch white label DEX, solely for trading in multifarious cryptocurrencies based on a built-in matching engine algorithm.
7. Devexperts
Devexperts is a leading provider of top-notch crypto exchange solutions, especially in trading securities, managing financial instruments, and transferring money between multiple entities. The high-end crypto exchange platform developed is device responsive, meaning it can be accessed from multiple devices simultaneously. Thanks to optimized load-balancing algorithms, users won’t encounter slowness or server downtime during peak trading times. The white-label systems from this provider can process hundreds of transactions without any hurdles.
8. Scalex
One of the best business-level WL crypto exchange platforms you can use is that of Scalex. It is highly scalable and allows the users to customize the user interface and other functional modules based on the business requirements. Although it specializes in Bitcoin exchanges, the lucrative revenue streams created shadow the lack of a cross-bridge engine. It comes with a built-in rendering engine, named cxClient, which automatically changes the UI displayed on the browser, allowing users to access all the features within a few clicks.
ConclusionÂ
With this list of the best providers of white label crypto exchange solutions, you now won’t have to worry about being stuck in a dilemmatic situation. All you have to do is evaluate the offerings and let Web 3.0 India provide tailored decentralized solutions to cater to your business needs.