
The crypto industry has been undergoing a lot of changes in recent times. From the global emphasis on market regulation to several prominent crypto exchanges packing up as a result of perceived fraud, botched crypto projects, and many others, the industry has had to do a lot of adjusting to present-day realities. However, with these adjustments are prospects for users on their toes for a bite of the crypto cherry.
In this article, we will explore some of the information that would help you increase your chances of establishing yourself in the crypto industry. Specifically, we will introduce you to the idea of white label crypto exchanges, highlight some of their benefits, show you how to create them, and also point out 3 crypto fintech companies you can reach out to for help.
If you don’t already know, a white label crypto exchange (also known as a ready-made, ready-to-be-deployed, or template exchange) is not the same as the crypto exchange platforms that emerged with the popularization of blockchains. Instead, these exchanges are yet-to-be-deployed platforms that you can purchase and modify to your liking. Essentially, they allow you to become the owner or manager of a crypto exchange platform.
To further help you differentiate between regular crypto exchange platforms and the white label variant, here are 3 areas in which each type is unique.
The features on the regular crypto exchange platform are widely different from those on a white label crypto solution in two ways. The first way is in the area of diversity and the second is in the area of functionality. Concerning diversity, regular crypto platforms are fitted with many features for crypto users, from intuitive interface options (web, desktop, and mobile, for example) to liquidity hubs and dynamic wallets. Few of these features can be found on template exchanges unless you have access to options from companies like FintechService. Also, on these ready-to-be-deployed options, these features are almost always in a dormant state until the time of deployment.
Regular crypto exchange platforms are ‘online’ in the sense that users can access them and utilize them for trading activities and other crypto-related purposes. This means that a user can register for a regular crypto exchange and employ it immediately to trade, learn about trading, or anything else. On the other hand, users cannot immediately trade on white label crypto exchanges or utilize them for anything. This is because they have not been deployed. Therefore, until template crypto solutions have been purchased by users like you, tested, and deployed, they will remain ‘blank’ and unusable.
As we have shown already, a regular crypto exchange is active. One of the implications of this is that it takes a lot of time and technical prowess to change something on the exchange. Of course, a user registered to an operational crypto exchange platform cannot command or implement changes—they are called ‘users’ for a reason. On the other hand, template crypto platforms are modifiable. Even though they are referred to as ready-made, the fact that they are not online means you can still change a lot of things about them. This possibility of personalized branding is why many users like you have decided to rely on crypto fintech companies to own and manage crypto exchanges.
For an average crypto user, the biggest benefit of a white label cryptocurrency exchange platform is the possibility of branding. You should always choose to own a template crypto platform over existing regular platforms because of the high technical support you will get throughout the operation of the exchange. Furthermore, joining the march to own and deploy a white label crypto solution offers you the opportunity to learn a few things about how crypto exchanges are made. This will help you in the long run as it would distinguish you from other users.
As template crypto solutions are perpetually in a ready-to-be-deployed state, smart web/software developers make sure to update them with industry-standard security measures. Say that there is a type of malware released by cybercriminals to steal funds from existing crypto exchanges, exceptional developers would build protection against such malware into their ready-to-be-deployed crypto platforms. Thus, once you acquire these platforms, you would not have to worry about paying excessive white label crypto exchange prices due to the need to upgrade the platform to provide up-to-date security for user data.
Template crypto exchanges offer the advantage of continued support after deployment. If you were to purchase an existing and already running crypto exchange platform, you will likely lose the support of the original developers. You may not even want them to stay too long onboard as a way of protecting your exchange. You don’t have to worry about this with ready-to-be-deployed crypto exchanges. If you want, the developers can continue to assist you in supervising the platform while it is running. However, this usually depends on your agreement with the crypto exchange builders.
A white label crypto exchange platform offers endless possibilities. If you are an established programmer yourself, you can simply purchase this platform and then proceed to modify it with the most advanced features you can think of. And if you know nothing about coding and the ABCs of crypto exchanges, you can also engage the services of accomplished developers and scale your crypto platform. Just like how novel AI solutions like ChatGPT are proving that scalability is doable across different areas of computing, ready-made crypto platforms offer options for innovation.
Choose a Crypto Exchange Builder: Different crypto exchange developers focus on different things. Some are proficient with blockchain solutions that have little to do with crypto trading, while others are great at designing NFT marketplaces. It is your responsibility to know which is which and reach out to them.
Outline Preferred Features: Once you have started to engage your preferred crypto exchange developer, you will most likely be given a script that contains the features of the available ready-made crypto exchanges. If these are not to your liking, it is at this stage that you inform the developers and see if they can implement these changes.
Negotiate the Particulars of the White Label Crypto Exchange Price: An important consideration for getting your template crypto solution is the price. To be fair, crypto exchanges are generally expensive, and asking a crypto fintech company to develop one for you may cost upward of $100,000. However, ready-made crypto exchanges are usually cheaper. So, if you are clear about what you want, you can get a reasonable white label crypto exchange fee.
Inspect the White Label Cryptocurrency Exchange Solution: The next thing to do is inspect the available template crypto exchange solution that meets all your preferences. Look out for bugs and other coding issues.
Supervise, Adapt to Market Demands, and Improve: Once you find that the white label crypto exchange is good enough, you can go ahead and deploy it. The responsibility to supervise it also falls to it, unless you want to outsource it. Whichever you choose, make sure to adapt to market demands and improve the features so that your users have nothing to complain about.
There are many, many crypto exchange builders around. The top white label crypto exchanges of 2023 are naturally from these developers.
FintechService.one is great at developing everything crypto. The company has been operational for more than 3 years and completed over 16 crypto-related solutions for pressing issues. The ready-made crypto exchange platforms from FintechService are some of the best around because they are fitted with virtually every important feature. Also, the company is efficient and will require no longer than 3 weeks to complete your project. Its fees are also reasonable, so you can create a dynamic and personalized crypto exchange platform from its white label options.
Crypto Next is another good crypto fintech company. It is particularly compatible with small businesses with a focus on simplicity. Therefore, Crypto Next is your best bet if your market segment covers SMEs (small and medium enterprises).
Xooa is special because it is known for its focus on NFTs (non-fungible tokens), gamification, and other emerging areas in the metaverse. Like FintechService, Xooa has also been around for a while, so you can benefit from its experience. Also, it serves small businesses as well as individuals.
Taking the time to look for a good crypto fintech company to purchase a white label cryptocurrency exchange solution from is a smarter choice than joining an auction for existing and established exchange platforms. The benefits of the former choice have been listed in this article, as well as how you can start serving other crypto users by relying on the ready-to-be-deployed variants of these crypto exchange platforms.