The Comprehensive Guide to Start your Exchange Business in India

It’s great to have you here that if you are ready to have a look at this guide in cryptocurrency exchange development, then it is a pleasure to make you know what are the simple steps to start your crypto exchange in India.

Having an idea to startup an exchange but have no idea where to start? Then this guide will help you out in gathering a clear understanding of a some significant factors that need to be consider during cryptocurrency exchange software development.

This guide will definitely clarify the things you need to consider before launching your own cryptocurrency exchange. Know here about the architecture of an exchange platform software that is structured and where to acquire the right exchange software.

The Architecture of the Cryptocurrency Exchange Platform

A cryptocurrency exchange software development comprises the following four different components:

1. Trade Engine – To access the order book, matching buy/sell orders, executing transactions and calculating balances

2. User Interface (UI) – Website with user-friendly, intuitive and mobile-friendly features including:

    Login-registration and account access.

    Deposit, Analysis and withdraw cryptocurrencies and fiat currencies.

    View existing order book, transaction history, statistics, balances, charts, etc.

    Buy and sell orders.

    Access to the support mechanism.

3. Cryptocurrency Wallet – Maximum security to store all the cryptocurrencies.

4. Admin Panel – Equivalent to business intelligence and management software

    Alteration of liquidity
    Editing option to trading
    Approval of user accounts for trading after the verification of KYC.
    Management of currencies like BTC, USD, ETH, etc.
    Crediting fiat, debiting fiat withdrawal requests of users.

Hire in-house team of crypto developers to develop your own crypto exchange!

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