Are you considering building a centralized exchange for your business? 

As the bitcoin market grows, centralized exchanges continue to dominate, accounting for more than 75% of total trading volume worldwide. With millions of active users and a growing demand for safe trade platforms, firms now have an excellent opportunity to enter this thriving market.

In this blog, we'll look at the benefits of centralized exchanges and why now is the ideal time to invest in their growth. Read on to find out how you can profit from the future of cryptocurrency trading!

What is a  Centralized Crypto Exchange?

A centralized cryptocurrency exchange is a platform that allows users to buy, sell, and trade cryptocurrencies via a central authority or middleman. These exchanges work as intermediaries, managing transactions, providing liquidity, and assuring user security. Unlike decentralized exchanges, they store user funds and administer order books to match deals. Binance, Coinbase, and Kraken are popular examples of centralized exchanges. Centralized exchanges frequently offer advanced features such as customer assistance, greater security, and an easy-to-use interface, making them suitable for both beginners and experienced traders. 

Centralized Crypto Exchange Development  

What Are The Business Benefits Of Starting A Centralized Exchange Development?

Here are some of the notable business perks that one has to understand before they get started with a centralized crypto exchange development process:

• Revenue generation

• Regulatory compliance

• Scalability

• Market opportunities

• Instant deployments

• Integrated wallets

• Global reach

• Community building

• Partnership opportunities

• Market Insights

Therefore, these are the gains that a business must know before they build a centralized exchange app or website. 

Top Features Provided In Hashcodex Centralized Exchange Development Services

Hashcodex, one of the leading centralized exchange development companies offers solutions with a wide range of features for both admin and the users, which are listed below:

Admin Features

• User management

• Dashboard analytics

• Commission management

• Order book management

• Transaction monitoring

• KYC/AML management

• API management

• Fee management

• IP whitelisting

• Customer support

User Features

• User Panel

• Order types

• Trading charts

• Multi-currency support

• Multi-wallet support

• Trading pairs

• Fiat integration

• Crypto trading bot

• Custom notification

• Interactive chart view

• Crypto payment integration 

• Trading engine

• Referral program

Overall, in our centralized crypto exchange development services we offer these features which will boost the business. 

Why Startups Should Invest In Centralized Crypto Exchange Development?

In 2024, startups ought to allocate resources towards the creation of centralized crypto exchanges, given the substantial business prospects. By the end of 2024, the market for cryptocurrency exchanges is expected to grow to $50 billion worldwide. Over 90% of all cryptocurrency transactions are handled by centralized exchanges, which dominate the industry. Their high liquidity draws in a greater number of users. These exchanges serve both new and skilled traders with their user-friendly interfaces. Transaction fees in this industry can yield significant returns on investment. Moreover, improved security protocols and adherence to regulations can foster user confidence. The demand for trading platforms is rising as cryptocurrency becomes more and more popular. 

In general, the emergence of centralized exchanges presents companies with a significant chance for expansion and financial success in the changing cryptocurrency market.

Strategic Planning To Start A Centralized Exchange Development

Market Research: First conduct market research to determine your target audience, examine your competition, and market demand.

Select a Business Model:  Select the revenue streams, such as trading fees and others to add to the CEX platform.

Regulatory Compliance: Hashcodex, a centralized exchange development solution offers regulatory compliance and other permits required to launch a centralized exchange. 

Pick A Technology Stack: Choose the appropriate platform, language, and development infrastructure choices.

Design User Interface: We will create a CEX with a responsive, user-friendly design that improves the user experience.

Create the Platform: Our developers will build the centralized crypto exchange and incorporate necessary functions such as trading, wallets, and security protocols.

Launch and Market: To draw consumers and expand your brand, deploy the platform and carry out a marketing plan. 

Therefore, we follow these steps in order to successfully build and launch a centralized crypto exchange website or mobile app. These steps can be customized according to the business needs as well. 

Advanced Security Features Offered In Our Centralized Crypto Exchange Platform

When you choose us, we always prioritize security. We offer the following high-end security features in our centralized exchange to keep the data safe and secure:

• Two-factor authentication

• Multi-factor authentication

• User Verification

• Encryption

• Secure asset fund

• Cold storage

• Withdrawal whitelists

• Session management

• Regular security audits

• IP address monitoring

• DDoS protection

• Anti-phishing measures

• Data loss prevention

Hence, these are some of the vital features offered as a reliable centralized exchange development company. 

How To Opt A Reliable Centralized Crypto Exchange Development Company?

The first step is to look into the reputation of a potential centralized crypto exchange development company before choosing one. Seek out businesses that have a track record of success in the sector. Examine their portfolio to gauge their past performance and level of client satisfaction. Make sure they provide strong security measures to safeguard user information and money. Verify their compliance with legal requirements to increase their credibility. It's important to communicate, so pick a business that gives regular and clear updates. Examine their level of technical proficiency with exchange functions and blockchain technology. Take a look at their maintenance and support services after launch. To determine credibility, read customer endorsements and reviews. 

Lastly, make sure the pricing models match your budget by comparing them. Choosing the correct business is essential to the growth of a successful exchange. To save you some time, one of the best centralized exchange development companies like Hashcodex, which ticks all the boxes that businesses need to build and launch a centralized exchange. 

Multiple Revenue Streams Provided By Hashcodex Centralized Exchange Development Services

Centralized exchange development services offered by Hashcodex have integrated a variety of revenue sources that can greatly increase profitability. Trading fees, which are assessed on each transaction completed on the platform, are one of the main sources of revenue. Listing fees are another kind of income that may be obtained from cryptocurrency projects that want to be listed on the exchange.

Furthermore, attracting more customers who are prepared to pay for upgraded features can be achieved by providing premium services like advanced trading tools, and market insights.  Another typical source of income is the withdrawal fees that users must pay when they withdraw the fund. 

Additionally, Hashcodex can incorporate subscription-based models for consumers desiring access to premium features or services. Hashcodex makes sure there is a consistent flow of cash while meeting the needs of different users in the competitive cryptocurrency industry by varying these revenue streams.

Why Partner With A Centralized Exchange Development Company Like Hashcodex To Launch A CEX Platform?

Choosing a centralized exchange development company like Hashcodex is a great partner with many benefits. Our proficiency lies in initiating a sturdy CEX platform customized to meet business requirements. By working with liquidity partners, Hashcodex improves transaction efficiency and guarantees high liquidity. Our centralized crypto exchange development services enable a seamless Web3 transition without sacrificing user-friendly interfaces. We also assist in creating a thorough compliance framework that guarantees adherence to regulations. You can install cutting-edge security solutions to safeguard user assets because of our technological expertise. In order to guarantee platform dependability, Hashcodex additionally provides continuing support and upkeep. You may take advantage of consumer demand and make a sizable profit by utilizing their experience. In summary, collaborating with Hashcodex puts you in a competitive position to succeed in the world of cryptocurrency exchanges.