If you’ve decided to launch an IDO launchpad on Solana, the next step is to map out your concept. If you need help with step one, a few companies like RisingMax are developing blockchain-based solutions for clients all over the world. Contact one of our experts to start planning your new IDO launchpad in Solana.
You must develop cryptocurrency exchange software if you want to succeed in the exchange business and make it more efficient. We are confident that this article will assist in the development of cryptocurrency exchange software. You want to hire someone before you build the exchange software.
Top 5 cryptocurrency exchange development firms
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RisingMax
RisingMax is the leading and most trusted exchange software development company in the United States. It has established itself as one of the best crypto exchange service providers thanks to its successful projects. This business devoted all of its resources to blockchain development. To provide a safe and reliable platform to their customers, they have a team of blockchain and software development experts.
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Unicsoft
Unicsoft is a reputable technology consulting firm founded in 2005 that provides AI and Blockchain services to help startups and enterprises achieve their goals. This company employs experts and has an experienced team in order to provide high-quality services to the company and its clients.
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Labrys
Labrys is a leading blockchain development and solution provider in Australia. They offer end-to-end services to anyone looking to design, build, and launch innovative blockchain products, from individuals to startups to government entities. In order to solve emerging problems, their team of experts tries to combine blockchain technologies with modern business.
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Technoloader
Technoloader is an Indian blockchain development company that offers a variety of blockchain-related services, including blockchain development, chain development, crypto exchange development, MLM development, and wallet development, among others.
They work hard to improve technology and apply it to our projects in order to make them more productive and useful.
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Bitdeal
Bitdeal is a well-known cryptocurrency exchange software developer whose main goal is to reduce bitcoin trading risks and encourage new cryptocurrency startups by providing well-developed cryptocurrency exchange software. The Bitdeal has worked with over 50 countries and has satisfied customers all over the world.
They are best known for hiring experienced blockchain developers to provide blockchain solutions that include smart contract development and blockchain technology.
The best blockchain developers with critical abilities include:
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Blockchain Technology:
The developer should be extremely knowledgeable about the blockchain, how it works, and the architecture. Distributed ledger technology and cryptographic hash functions should be readily available.
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Understanding the Crypto network protocol:
Aside from asynchronous cryptography, cryptographic methods such as hash functions, such as SHA256, are used in blockchain to create digital signatures.Without this knowledge, becoming a blockchain developer is impossible.
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Website Design:
The developers can understand the fundamentals of both front-end and back-end development, such as creating interactive graphical user interfaces for exchange, handling APIs, and so on.
When hiring blockchain developers from a cryptocurrency exchange development firm, these skills are crucial. Then, while building the crypto exchange software, look over the components and features.
Components of Cryptocurrency Exchange Software:
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Engine for Continuous Matching:
Traders must be able to place orders in an unrestricted and secure manner. All data, transactions, order listings, and bookings should be saved and displayed in easy-to-understand graphs.
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Book of Orders:
This is a price and time-sorted list of buy and sell orders. Traders can use the matching engine to access a variety of different orders. Some of them are market order, limit order, stop order, Buy stop order, and copy order.
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Wallets are integrated:
Building your wallet is more important. Because traders can use it to store cryptocurrencies. A multi-signature wallet was used to create the wallet, which splits the private key for each party and records multiple key addresses with each transaction.
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A simple dashboard:
Creating user-friendly UI dashboards is one of the most difficult tasks, so keep the dashboard design clean and simple to make it easy for traders. Price chart, Market depth, markets list (coin pair), Wallet, buy and sell order form, buy orders list, sell orders list, and Trade History are just a few of the important elements that will make up your exchange platform dashboard.
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Liquidity’s API:
This API allows you to view and track the website’s current trading activity. The number of new traders for the new exchange platform increases.
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Margin Investing:
It allows cryptocurrency traders to use leverage to open a position. Traders can use their available cryptocurrencies to borrow funds to increase their purchasing power.
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Module for Integrated IEO:
The IEO module in our Bitcoin Exchange Software allows you to list IEO projects and earn money.
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Exchange pairs with multiple currencies:
This allows users to exchange cryptocurrencies for any other digital or fiat currency. Because the majority of users want to trade multiple currencies on the trading platform, this can help you profit.
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Increased Security:
Build some security features into the exchange software, such as DDOS protection, 2FA, CSRF protection, X-XSS protection, and so on.
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Exchange of Security Tokens:
We recommend that you include security tokens in your exchange platform because they are the newest craze.
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Integration with Payment Gateways:
Your users can instantly pay with fiat or cryptocurrencies using our payment gateway integrated module.
These are the essential elements for creating cryptocurrency exchange software. The types of cryptocurrency exchange software will be discussed next.
How to Pick a Software Development Company
There are numerous software and blockchain development companies on the market, the majority of which are not as well-known as Google, Instagram, or other well-known companies. You may be hearing their name for the first time, so you must be able to recognize them.
What does this sentence mean? Great companies have great brands. A brand isn’t something you can see or touch; it exists in people’s minds. Anyone who has dealt with happy customers, the media, and so on is an excellent example of how brands connect with people’s emotions.
How can you tell if a company has a strong brand? If you’ve heard of the company, if you understand why it exists, and if you can easily find information about it. And If you’ve seen the company at conferences and events. If employees are enthusiastic about it and customers are enthusiastic about the products, the company is succeeding in building the brand. This may be the first thought that comes to mind when looking for a great company for the first time.
Employees are a company’s most valuable asset because everything is made possible because of them. Look into who works for that company and whether or not they are well-known industry professionals. Are they members of the development community who attend events and share their knowledge and experience?
It is preferable to understand the company’s purpose. What makes them unique and what their business model is will give you insight into whether or not the company is valuable and useful.
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Portfolio
Check the list of completed projects for detailed information and statistics as a first step. Typically, developers priorities projects that they are proud of. Examine their frameworks and compare them to the content on the working website.
- What is the feedback from their users?
Then it’s time to look into what customers have to say. In the customer section, you’ll find useful information about the company’s operations, client communication, on-time delivery, and other topics. Reviews can be found on third-party sites such as bitcointalk, github, and linkedin.
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Geography
Look up the location of the company and its offices. Avoid offshore developer companies.
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Security
People will invest their hard-earned money in your platform, so security must be the most important consideration. So look into the security features that this company employs in its work.
Checking what technologies they use to develop these exchanges is one method. Because the provider companies will fix the bugs in the older version, updated programming languages or newer versions of technologies will reduce the chances of being hacked. As a result, make certain that they build your exchange website using the best security practices.
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Customer service
Examine how long this company will provide customer service for the product you purchased. Because the crypto world is a risky and complicated market, having 24/7 customer support is an important feature that every exchange website should have. A team dedicated to resolving client technical issues as quickly as possible.
Conclusion
This is the complete list of things to consider if you want to develop cryptocurrency exchange software. It is not an easy or quick process, but if you take the right approach, the end product will be truly viable and beneficial in the cryptocurrency market. All you need to do is hire a team of skilled blockchain developers from the best cryptocurrency exchange platform development company, such as RisingMax, which offers affordable solutions.
RisingMax has also evolved as top rated Multi Cryptocurrency Wallet Development in USA. Using business-oriented cryptocurrency wallet development services, we create and provide safe and high-performance cryptocurrency wallets.
