Top Must-Have Features Of A Cryptocurrency Exchange Platform

As long as cryptocurrency exists there will be a need for cryptocurrency exchange too. If we are planning to make money from the exchanges then we should provide a top-notch cryptocurrency exchange platform to the users for more ROI and conversions.

There are some key features a cryptocurrency exchange should have. We will discuss that feature here because the Cryptocurrency exchange with more features will get more users and conversions which will lead to a successful revenue generation.

Features a Cryptocurrency Exchange should own

• Secured Authorization & Verification
• Trade Engine
• Higher Liquidity
• Holding Powerful APIs
• Eye-catching UI/UX
• Futuristic Admin Panel
• Notifications & Alerts
• Wallet

Secured Authorization & Verification

Most of the users will prefer simple & quick onboarding features. Verification plays an important role in cryptocurrency exchanges to avoid the possibility of scams.
To keep this thing away we should provide a secured environment with Two-factor authentications and more security features as possible.

Trade Engine

The trading engine is one of the major factors of cryptocurrency exchanges. The trade engine will take care of the processes of

• Price
• Commissions
• Transaction possibilities
• Matching offers & biddings
• Accessing order books

Get the right cryptocurrency exchange development company, because trade engine development is a problematic task.

Liquidity

Cryptocurrency exchange with higher liquidity will allow the users to start trading quickly. The exchange that comes with higher liquidity will show itself as a rich and steady market where trades will happen fast and easily. Hence a cryptocurrency exchange platform should focus on features that will enhance liquidity.

API

API stands for Application Programming Interface, generally, API contains a set of protocols that show how two platforms or applications interact with each other.

A cryptocurrency exchange should contain a powerful set of APIs that connects to real-time markets, managing accounts, and more technical functions.

A cryptocurrency exchange can possess APIs such as

• Web Sockets
• Rest API
• Trading Bot APIs
• Merchant API
• Liquidity API

Friendly User Interface

Calling User Interface as a feature is not a correct term, yet it contains every part of the exchange which will directly connect with the user. 
Providing an understandable and interactive UI will result in more users and gives chances to freshers who are unfamiliar with crypto trading.

Next Gen Admin Control

An admin panel will be required to maintain the overall operations of the cryptocurrency exchange. An admin panel should have the basic options like:

• Editing trading fees
• Managing cryptocurrency listing
• Credit/Debit functions
• Support for issues.

Admin panel can be customized according to the requirements of the businesses or entrepreneurs.

Notification & Alerts

Providing push notifications and Alerts for your users will keep your users engaged with your exchange. With these features, you can stay connected with your users by alerting them about news, offers and trade tips, and cryptocurrency exchange promotions.

Multi-purpose Wallet

The wallet function allows users to store, send and receive virtual currencies. Those wallets should be integrated with more cryptocurrency acceptance. Here is the list of wallet features a leading cryptocurrency exchange should provide:

• The wallet should have multi-wallet functionality for supporting a variety of transactions.
• Leading banks & payment gateways must be integrated to sell & buy cryptos in real-time.
• A cryptocurrency exchange should offer both a Hot & Cold wallet facility to its user.

Source:  Top 9 Revenue Streams To Make Money With Your Cryptocurrency Exchange 

If you want to make money from cryptocurrency exchanges or start your own cryptocurrency exchange platform with the features mentioned above, then connect with a professionals from a leading cryptocurrency exchange development company