Features to Include in Crypto Exchange Development

The crypto landscape is experiencing radical change with the prodigious breakthrough in technology. This is intriguing for businesses to gear up for future crypto investments. The changing crypto regulations are also paving the way for higher transparency and security. This has led to a greater interest among businesses and increased the possibility to invest in crypto exchange platforms. The future holds immense potential for businesses to finance in crypto trading platforms and gain mainstream presence. Thus, creating exchange platforms will help businesses achieve greatness in the crypto market. 

Intending to create a crypto exchange platform that excels in functionality and performance? Integrating top-notch trading features is the key. This blog takes you into the curated list of top features to incorporate while creating a full-scale crypto trading platform. 

10 Essential Features to Include in Crypto Exchange Development

Missing out on delivering unmatched crypto trading experience for your users? Ensure the integration of top features within the crypto exchange software to offer seamless crypto trading. 

Powerful Trading Engine

A powerful trading engine is a driving force behind every high-performing crypto exchange. The trading engine plays a pivotal role in maintaining the order book, matching the bid orders, and executing trades. It holds a superior position in handling the core trading functions of the trading platform. Thus, the crypto exchange should be integrated with a high-powered trading engine to empower users to decide to trade crypto assets. 

Trading Models 

Trading models are vitally important to exalt the dynamics of crypto trading. Trading models are the strategies crypto traders use to witness success in their trades. There are numerous trading modules, such as spot trading, derivatives trading, P2P trading, margin trading, limit, and market orders, which are commonly used. Employing trading models within the exchange will ultimately boost the trader experience. 

Crypto Trading Bot

The crypto trading bots are currently integrated into the exchange platforms to automate the crypto transactions and operate 24/7. The trading bot leverages advanced AI algorithms that aid in curating trading strategies and offering customized recommendations for crypto traders by analyzing trader patterns, and real-time and historical data. Arbitrage bots, MEV bots, sniper bots, and grid bots, are some of the popular crypto trading bots. 

Crypto Price Ticker 

The crypto price ticker aids in creating monitors and displays the real-time price of the cryptocurrencies within the exchange. This helps the traders to check the price movements of the cryptocurrency they have decided to buy and make their trades when it is the profitable price. The ticker also displays the market cap, volume, and other metrics to make data-driven decisions. 

Flexible Payment Gateway

The incorporation of a flexible payment gateway within the trading platform is ideal for facilitating crypto and fiat transactions with a wide array of payment methods. The payment processes include credit cards, debit cards, bank transfers, etc. This option empowers global users to seamlessly make transactions without relying on other options. Some of the popular crypto payment gateways are Bitpay, Coingate, Coinbase, etc. 

Multi-Chain Wallet

Multi-chain wallets empower traders to store their crypto assets in crypto wallets that are accessible across various blockchain networks from a single interface. This simplifies the process of switching to other platforms and store their assets. Integrating a multi-chain wallet within the crypto exchange ensures facilitating decentralization with advanced transaction security and efficiency within the platform. 

Multi-Currency Support

Multi-currency support feature within the trading platform facilitates the inclusion of multiple cryptocurrencies which allows the users the possibility to trade beyond cryptocurrencies including altcoins and stablecoins. This support also extends to fiat currencies. This captivates a larger user base including novice traders in the market and focuses on improving the user retention rate and boosting engagement. 

Liquidity Management

The liquidity management feature focuses on implementing effective strategies to improve liquidity within the platform. Maintaining liquidity flow in the exchange is paramount to improving the overall trading experience for the traders by minimizing slippage. Implementing strategies like market making, automated market making, integrating external liquidity APIs, incentives for active participation, etc will ensure to maintain sufficient liquidity in the exchange. 

DDoS Mitigation

The DDoS attack on crypto exchange disrupts the crypto exchange by infecting it with excessive traffic and imposing operational stability challenges making the platform unavailable to the end-users. Implementing a DDoS mitigation feature in the crypto exchange platform is vital to protect the platform by implementing strategies like filtering solutions, rate limiting, and content delivery networks (CDN). 

Two-factor authentication (2FA)

The two-factor authentication mechanism is a basic feature in the cryptocurrency exchange platform which facilitates an added layer of security to protect the platforms from data breaches. This mechanism instructs the traders to access the platform with additional means through a one-time password (OTP). This feature empowers the users to access the platform with their password or the verification code. 

Conclusion

The trading features in the crypto exchange platform serve as the backbone for the platform to offer unparalleled trading experiences. Integrating the exclusive features will shape the platform for better operation with optimal performance. In today’s tech-driven crypto ecosystem, staying at the forefront is significant. In light of this, businesses that are on the cryptocurrency exchange development journey must implement innovative features to maximize the profitability of the exchange.

Start up your crypto exchange journey by teaming up with Maticz, the leading crypto exchange development company. Maticz is filled with passionate crypto developers who craft crypto trading platforms with high-performance capabilities. We offer white-label crypto exchange software that aids in launching tailored crypto exchanges swiftly in the market.