The size of the billion-dollar cryptocurrency market is a testament to the burgeoning popularity and global adoption of cryptocurrencies. The number of cryptocurrencies has grown to over 2,300 through 2019, according to CoinMarketCap, and the market has witnessed an incredible increase in the number of crypto investors over the past decade.
If you are planning to make your own cryptocurrency exchange — be it from ground zero or white-label exchange software — follow a well-orchestrated approach to create a crypto exchange platform that can bring you profits.
This guide will walk you through how to make your own cryptocurrency exchange. Let’s delve into the step-by-step guide.
Step 1: Identify the type of exchange you want to launch
Once you have decided on the type of exchange, find out whether you want to build a cryptocurrency exchange website from scratch or rather go with white label crypto exchange software.
Step 2: Conduct thorough market research
Step 3: Identify the location where you plan to launch your exchange
Step 4: Check out the jurisdictions of the country where you intend to launch your exchange
Understanding the regulations of the country where you plan to launch your crypto exchange — be it a custom exchange or white label crypto exchange software — is paramount.
Step 5: Hire a team of legal counselors
Step 6: Identify the cost to build a crypto exchange
Step 7: Partner with a cryptocurrency exchange development company
Step 8: Decide on the features that you want to integrate into your exchange
The features that you integrate into your crypto exchange will make or break your exchange. Reinforce your exchange with features that users seek in an exchange platform- these include the ones that enable secure, easy, and quick trading.
Step 9: Introduce your crypto exchange to your target audience
Step 10: Deliver round-the-clock support
If you are planning to build your crypto exchange to tap into the billion-dollar crypto market, we can help. We offer mission-driven crypto exchange development services, so whether you want to build a custom crypto exchange or white label crypto exchange software, we harness our experience and expertise to lay the cornerstone of your exchange platform.
Schedule a free demo for our white label crypto exchange or get in touch with our subject matter experts to gain in-depth knowledge of how to create a cryptocurrency exchange. A free consultation is available to discuss your business needs; no obligation, just a friendly chat to work out if we can help.