Centralized Cryptocurrency Exchange
Cryptocurrency exchanges are platforms that enable the trading of cryptocurrencies, and fiat currencies. Cryptocurrency exchanges serve as a mediator between a buyer and a seller to earn funds via commissions and transaction fees.
Centralized cryptocurrency exchange is a crypto trading platform that acts as a medium to help conduct transactions among buyers and sellers. They trust the crypto exchange to handle their assets digitally.
Traders who utilize the exchange to safely complete their transactions for them, but also it will help them to easily find a trading partner in the exchange. Centralized crypto exchanges secure the trader's cryptocurrencies from theft/ hackers looting the user's currencies from their wallets.
Key Features of Centralized Cryptocurrency Exchange
User Signup & Secure login
The new user can easily sign up by providing their Email ID and securely logging in using the registered emails. Users can enable security settings like two-factor authentication, & anti phishing code. Traders can also reset their login password and registered email id.
Cryptocurrency wallet Configuration
Centralized crypto exchange scripts consist of secure crypto wallets for the users individually. Crypto wallets are well secured to handle the user cryptocurrencies. The crypto wallet in the trading platform supports the multiple types of cryptocurrencies storing, & trading.
Liquidity API
Our centralized crypto exchange is configured with a liquidity API that allows you to display the order book of any other trading platform like Binance. The order in the third-party exchange can match the order on your exchange platform. This helps to achieve more trading volume on your exchange by matching the order with other exchange platforms.
Order Matching Engine
The efficiency of cryptocurrency exchange depends on the performance of the trade engine. Our order matching engine is capable of handling users' transactions in a timely manner. The robust trade engine facilitates hassle-free transactions for the buyer and seller.
Admin Panel
Our cryptocurrency exchange platform has a salient admin panel. This allows the admin to have complete control over the trading platform. Admin handles all the exclusive functionalities like verifying users, tracking the user transaction, crypto withdrawal, fiat deposit, etc.
KYC/AML identification
The authorized user can only access their account, view their crypto wallet on the trading platform. User after validating the KYC/AML documents to start crypto trading. This eradicates fake users and safeguards the trader's currency.
Eminent Security Features in Centralized Cryptocurrency Exchange
Our Centralized Cryptocurrency exchange is well architectured with multi-layer security. Security features are a vital factor in safeguarding user assets and cryptocurrencies of the exchange platform.
- Email verification
- Secured Crypto Wallet
- 2FA
- HTTPS authentication
- Anti Phishing code
- ADos & DDoS
- Jail login
- CSRF & SSRF
- Device Management
Key Benefits of Centralized Cryptocurrency Exchanges
User-friendly
Centralized cryptocurrency is user-friendly that allows easy signup & login. CEX Secures the user cryptocurrencies on the individual crypto wallets allocated to the user. Users of centralized exchanges can log in, view their account balances, and make trades via order books.
Reliable
Centralized exchanges offer an additional layer of safety and trustworthiness in terms of transactions and trading. CEX is a well-established design and features for trading cryptocurrency in a highly efficient manner.
Proximity Match
Centralized exchanges most commonly facilitate trades between users by maintaining an order book: a group of buy and sell orders published by unique traders. CEX uses the matching engine and executes the interrelated buy and sell orders.
Trade Volume
CEX exchanges have high trade volume compared to the DEX exchanges. According to the statistics, 95% of the Cryptocurrency trading executed over CEX exchange, when compared to the overall crypto industry.
Liquidity
The CEX exchanges have higher liquidity. As CEX is broadly adopted among crypto traders. Comparatively high liquidity in CEX than DEX platforms. Presently there are 458 CEX exchanges around the world.
Direct Fiat Currency Exchanges
The Centralized cryptocurrency exchanges support the trading of both crypto-to-crypto and crypto-to-fiat for the traders in the platform. This allows the user to trade crypto and fiat according to their comfort. This also allows multiple crypto pairs for user trading.
Functionality
The Centralized cryptocurrency exchange has huge functionality like margin trading, discounts for high trade volume, Forex style currency pair trading, lending & large financial data in the form of charts.
Legality & Regulation
Most of the centralized cryptocurrency exchanges are legalized and regulated by their registered location/country-based governments. Regulated exchanges have insured their user accounts.
Classifications of Orders in Centralized Cryptocurrency Exchange
Limit Order
Buyers and Sellers can set the minimum and maximum limit price to buy/sell their cryptocurrency. If the trader's order doesn’t fit the existing orders, then that order is placed in the orderbook. These limit orders start executing when the matching order comes with a set limit price.
Market Order
Market orders are transactions meant to execute as quickly as possible at the current market price. A market order is an order plan to instantly buy or sell at the best available price.
Stop-Limit Order
This is the mixture of Limit order and stop order. With the help of Stop-limit orders, users can limit their losses before the market drops.It works based on the triggered conditions for buy and sell, then the trade will change into a limit price.
Top Centralized Cryptocurrency Exchanges
Binance
Huobi Global
Coinbase
Kraken
Bitfinex
KuCoin
Why Choose Zodeak for Centralized Cryptocurrency Exchange Development?
Zodeak is a leading Cryptocurrency Exchange Development Company. We have a pool of Blockchain architects having adequate knowledge in developing a cryptocurrency exchange. We have expertise in creating a white-label centralized exchange script with tailored features, secured payment gateways integrations.
- Prompt Delivery
- White- Label Solution
- Robust Admin Panel
- Multi-currency support
- Liquidity API
- Scalable architecture
- User-Friendly
- Technical Support
FAQ - Centralized Cryptocurrency Exchange Development
A centralized cryptocurrency exchange script is a cryptocurrency trading platform owned and operated by the central authority. This allows the users to trade cryptocurrency.
Centralized cryptocurrency exchanges are broadly adopted among a wide range of traders globally.
- Higher liquidity
- Highly secured
- User-friendly
- Supports fiat & crypto trading
- User-friendly signup & login
- KYC/AML
- Cryptocurrency wallet integration
- Robust trade engine
- Exclusive admin panel
The cost of developing CEX depends upon the user requirement in the features and functionalities on the trading platform.
