Luke Fitzpatrick / 3 min read.
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Cryptocurrencies are here to stay. And, with the bitcoin halving around the corner, the interest in blockchain technology is now higher than ever. In fact, bitcoin is mentioned on social media every 3 seconds, and to date, there are 2,957 cryptocurrencies.
However, the price of listing on a crypto exchange can be quite expensive, with the fees ranging from $6,000 to $300,000. Because of this, there is a new trend in play. Some cryptocurrencies are now creating their own exchanges to meet the minimum requirements of CoinMarketCap and CoinGekco to avoid exchange listing fees.
As a result, there has been a rise in crypto white-label exchanges. Here are 5 examples of notable technologies to keep an eye out for in 2020.
1. HollaEx Kit
Developed and engineered by BitHolla, the exchange HollaEx.com was brought to life using this open-source white-label software. Just as WordPress or Squarespace makes websites easy to build, the HollaEx Kit enables anyone to create their own exchanges, tokens, new markets and circumvent costly crypto exchange fees, using a simple dashboard. No coding skills required.
The fully customizable user interface and 15-day free trial give the user the opportunity to explore the options available at a fraction of the cost. Operating the HollaEx kit and the exchanges are about staking the proprietary XHT token, which can be reclaimed if the users wish to stop running it at any point. With the ease of use at the forefront of the design and the capacity for full customization according to different specifications, the HollaEx Kit is one to watch.
For those prioritizing security and simplicity, this exchange platform-builder would be a viable option. Users have the ability to construct extensive and personalized virtual currency exchange software built for hassle-free transaction solutions by their dedicated and professional blockchain engineers.
Security is prioritized, as there is a 7-step process to ensure a completely integrated and stable platform before the exchange is turned over to the customer, giving added assurance. Besides that, there are numerous options with competitive prices that modify the user interface as well as the team’s support duration.
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3. Qurrex
With an institutional-grade core exchange module, it offers an interesting solution for retail and corporate customers. Qurrex offers advanced APIs, as well as a wide range of order types, as these APIs will assist with fiat integration and international payment systems.
All Erc-20 tokens are available to be traded using the software as well as the majority of the top 50 tokens. This process is done fairly quickly as the system can be deployed in about 15 days and the support team is available 24/7. This would be great for those with less technical knowledge who are looking for an efficient and trust-worthy software solution.
Offering a turnkey approach is the name of the game here, with high scalability and a professional trading platform front-end with mobile apps developed using modern technology, it allows for long-term solutions.
In terms of security, one differentiator is that Modulus Global provides advanced geofencing to not only search the geography of IPs but also their respective ISPs and can be rejected if needed. Versatile software and thousands of tokens are available to be added, giving optimal functionality whilst maintaining core security. Users who want to operate an exchange without having a technical team in place to facilitate it may find this an attractive option.
5. Skalex
Providing peak security while also giving the ability for full customization is at the forefront of this white-label exchange builders model. The software includes options for market making as well as API connections to help bolster liquidity on the exchange as well as a crypto to fiat option.
While it has a less flexible pricing model, with a monthly rate, the exchange software offers cryptocurrencies other than bitcoin, supports many different languages, and gives the potential for IEO’s to be done on the newly built exchanges.
About Luke Fitzpatrick
Luke Fitzpatrick has been published in Forbes, Yahoo! News and Influencive. He is also a guest lecturer at the University of Sydney, lecturing in Cross-Cultural Management and the Pre-MBA Program. You can connect with him on LinkedIn.
