johngamly

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10 Simple Steps to Creating a Cryptocurrency
Exchange Software
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Why do you need to start a cryptocurrency
exchange business?


Cryptocurrency trading is attracting more
individuals and businesses than ever before
because the potential returns can far outpace
those of traditional financial instruments.

As the industry evolves into this exciting and
lucrative new sphere, the trend is expected to
continue.

So it is the right time to start your own
cryptocurrency exchange by partnering with a
cryptocurrency exchange development company

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How to Launch a cryptocurrency exchange software
in 10 Easy Steps

• 1. Seek legal counsel to ensure that all
  licensing requirements are met.
• 2. Obtain venture funding.
• 3. Locate a provider of cryptocurrency exchange
  software solutions.
• 4. Connect your exchange to others to increase
  liquidity.
• 5. Collaborate with a payment processor.

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• 6. Put best security practises into action.
• 7. Go live through beta testing.
• 8. Begin a marketing and public relations
  campaign.
• 9. Provide customer service.
• 10. Keep a legal team on hand to ensure ongoing
  compliance.

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Where Do I Start?

• While starting cryptocurrency exchange software
  development, you have two options build your own
  exchange software or purchase white label
  software.
• Creating exchange software from scratch can be
  expensive and time-consuming, taking a year or
  two to complete.
• With a white label, you save time because
  customisation takes much less time, as well as
  money because you pay significantly less for a
  licence than if you developed it yourself.

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Tips for Choosing a Development Company

• Portfolio
• Geography
• Security
• Customer Service

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The main advantages involved in cryptocurrency
exchange development are privacy and security. It
connects traders without the involvement of a
third party. It is a decentralised trading
platform that is highly secure, scalable, and
fast, powered by Ethereum smart contracts.