Basic Types of Cryptocurrency Exchange
The term cryptocurrency can never be eradicated from this globe and the awareness of this digital currency is spreading over nook & corner. The crypto ownership in 2021 is 3.9% with 300M crypto users over the world and more than 18,000 businesses accepting crypto payments.
The crypto owners worldwide come under 79% male & 21% female. Some of the top countries where the usage of cryptos is huge include India, USA, Nigeria, and the United Kingdom.
Cryptocurrency Exchange
A platform where users can buy, sell and trade cryptocurrency globally using internet access is known as a cryptocurrency exchange. The main process that one can do with cryptos is to exchange those cryptos with others on online crypto exchange platforms. You can launch your own cryptocurrency exchange and make huge profits through trading fees collected from traders on each transaction on your platform.
There are various types of cryptocurrency exchanges in the market according to the features they support or according to the way the transaction occurs and more. Let us look at the different types of crypto exchange platforms that you can launch and make revenue from.
Centralized Cryptocurrency Exchange
The traditional exchange platform which allows traders to exchange cryptocurrency with the presence of central authority is known as a centralized crypto exchange. The centralized cryptocurrency exchanges have now evolved as P2P exchanges where platform admin enables trading between two users.
The easiest way to launch your own centralized crypto exchange is using a centralized exchange script that is inherited with security and advanced trading APIs.
Decentralized Cryptocurrency Exchange
Decentralized exchanges are one in which there is no control for the admin to perform any transactions. This platform allows only crypto to crypto trading where the users have complete control over their assets. With a decentralized exchange script, one can launch their own DEX Platform.
Hybrid Cryptocurrency Exchange
Hybrid Crypto Exchange is a combination of centralized and decentralized crypto exchange features on a platform The traders can switch between both centralized and decentralized models of crypto trading.
With a hybrid cryptocurrency exchange script, you can launch your own hybrid cryptocurrency exchange platform.
DeFi Based DEX Platform
Decentralized Finance (DeFi) based DEX platforms are becoming popular. As decentralized exchanges face liquidity problems, there comes DeFi based DEX platforms to overcome the liquidity issues.
Some of the popular DeFi based DEX platforms include Uniswap, Bancor, Ddex, and so on. You can also launch your own DeFi DEX by connecting to the best DeFi Development Company that offers DeFi DEX Exchange development services.
Peer to Peer Cryptocurrency Exchange
P2P Exchange platform is one where anyone can trade instantly with high-end security and safety. The buyers and sellers connect directly through the Escrow protected mechanism and trade their cryptos.
With P2P Cryptocurrency Exchange Script you can launch your own Peer to Peer Cryptocurrency Exchange platform.
How Can You Start Your Own Crypto Exchange Business?
Bitdeal - Leading Cryptocurrency Exchange Development Company that offers centralized cryptocurrency exchange script, decentralized exchange script, and complete cryptocurrency exchange development services and solutions.
We provide clone scripts of top cryptocurrency exchanges to easily launch your own cryptocurrency exchange. Some of the top-selling crypto exchange clone scripts are as follows
LocalBitcoins Clone Script
Coinbase Clone Script
Remitano Clone Script
Uniswap Clone Script
Wazirx Clone Script
Paxful Clone Script and more.
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