Cryptocurrency exchanges are getting more popular by the day. As more people invest in cryptocurrencies, the demand for these exchanges increases. However, creating a cryptocurrency exchange can be a complex and time-consuming process.
As several exchanges are already available in the market, enterprises can gain an edge by building their own cryptocurrency exchange. However, developing cryptocurrency exchange software can be daunting, and this is where Seven Bits comes in.
Seven Bits is an ISO 27001:2013 & 27701:2019 certified company specializing in developing turnkey solutions for cryptocurrency exchanges. We have a team of experienced developers who have deep knowledge of blockchain technology and cryptocurrency development.
Moreover, our dedicated Blockchain Center of Excellence (CoE) ensures that our team is always up-to-date with the latest trends and developments in the blockchain space.
On this note, let's look at how Seven Bits streamlines the end-to-end cryptocurrency exchange software development:
Streamlining the security implementation:
When it comes to cryptocurrency exchange software development, security is of utmost importance. We understand the importance of security in this domain and have implemented strict security measures to ensure the safety of our client's data.
We have a team of experienced security experts who specialize in implementing the latest security measures. Moreover, we follow a strict development process that includes multiple security checks at each stage of development. We implement AML compliances to ensure that our client's exchange is in line with the latest regulatory requirements. In addition, we leverage KYC compliances to prevent fraud and money laundering.
Creating a robust and scalable platform:
Another important aspect of cryptocurrency exchange software development is creating a robust and scalable platform. We use the latest technologies and tools to create a platform that can handle large volumes of transactions. Moreover, our platform is designed to be highly scalable so that it can easily accommodate future growth.
We streamline the scalability issues by leveraging the latest frameworks like ERC20 & 721 tokens. Also, our experienced team can develop customized solutions to meet the unique needs of our clients. When businesses have a scalable exchange, they can easily accommodate the growing demand.
We resolve usability & UX complexities:
The usability and user experience of exchange are critical factors that can determine the success of an enterprise. We have a team of experienced designers who create attractive and user-friendly interfaces. Moreover, we make sure that our client's exchange is easy to use so that users can easily navigate it.
An exchange comprises advanced features like margin trading, limit order, and stop-loss. We ensure that these features are easily accessible to users and that our interfaces are designed so that users can easily use them. Our Blockchain CoE team ensures your customers get the same user experience on mobile devices as they would on desktop.
Ensuring compliance with the latest regulations:
Cryptocurrency exchanges are subject to a lot of regulations. We have a team of compliance experts who keep track of the latest regulatory changes and ensure that our client's exchange complies with all the relevant regulations.
Some of the regulatory compliance requirements we take care of are our KYC, AML, and CFT (Combating the Financing of Terrorism). Our team ensures all the necessary compliances are in place depending on where the exchange is being set up. Moreover, the authorities keep updating these regulations. We offer our clients an end-to-end compliance management service to keep their exchange up-to-date with the latest regulatory changes.
With cryptocurrency exchanges, businesses have to deal with microtransactions. These are transactions that involve a very small amount of money. We have a team of experienced developers with the necessary skills and expertise to handle these transactions.
Leveraging smart contracts, we can create a system that can handle these microtransactions efficiently and cost-effectively. Our smart contract development services help businesses save money on transaction fees. In addition, our team can also develop customized solutions to meet the specific needs of our clients.
Simplifying the market research:
Another important aspect of cryptocurrency exchange software development is market research. The market for cryptocurrencies is very volatile, and businesses need to have access to the latest market data. We have a team of experienced analysts who keep track of the latest market trends and provide our clients with the necessary information.
This helps businesses make informed decisions about when to buy or sell cryptocurrencies. In addition, our team can also help companies with the necessary market analysis so that they can make better-informed decisions.
Seven Bits offers a complete suite of services for cryptocurrency exchange software development. Our Blockchain Center of Excellence (CoE) helps you build a bespoke exchange for your customers. Get ahead of the curve in this crypto-oriented ecosystem with Seven Bits. Get in touch with us at firstname.lastname@example.org to learn more.