Centralized Cryptocurrency Exchange - Everything you need to know!

What is a Centralized Cryptocurrency Exchange? 

A Centralized Cryptocurrency Exchange is administered by a central authority (administrator). Crypto users’ data and funds are locked in the cryptocurrency exchange’s wallet. If the customer loses the password he/she can request the administrator to reset the password and retrieve the account.

Centralized cryptocurrency solutions can be used to deploy your centralized cryptocurrency exchange like Binance, Coinbase, etc. 

Cryptocurrencies can be bought (or) sold in cryptocurrency exchanges. There are two types of crypto exchanges. They are centralized cryptocurrency exchanges and decentralized cryptocurrency exchanges. Let’s learn more about centralized cryptocurrency exchange and how to develop one.   

What are the Uses of Centralized Cryptocurrency Exchange? 

The main use of centralized cryptocurrency exchange is that your trade orders are executed swiftly by the order-matching engine. 

Funds are stored in a wallet administered by the admin. Hence, the funds are safe. 

Centralized cryptocurrency exchanges are highly popular. Hence, they can be easily trusted. 

The presence of an administrator offers more control to the platform. Hence, they are credible. 

Since centralized cryptocurrency exchange platforms are highly popular, traders belong to a huge community rather than being left alone. 

The scalability of centralized cryptocurrency exchange is very high. Orders executed in milliseconds. 

What are the Features of a Centralized Cryptocurrency Exchange? 

Here are some of the major feature of centralized cryptocurrency exchange: 

• ICO Support
• Order Book With Matching Engine
• Multi-Signature Wallet
• Margin Trading & Lending
• Trading Bot
• Multi-Currency Pairing
• Escrow Application
• Cryptocurrency Price Ticker API
• Multi-Lingual Support
• P2P Exchange Option
• Supports Unlimited Cryptocurrencies

Examples of Famous Centralized Cryptocurrency Exchanges

• Binance
• Coinbase Pro
• Huobi Global 
• Kraken
• Bitfinex
• Bithumb
• Bitstamp
• KuCoin
• Binance.US
• bitFlyer

Centralized Cryptocurrency Exchange Development Company - BlockchainAppsDeveloper

As a leading cryptocurrency exchange development company, BlockchainAppsDeveloper specializes in the development of custom crypto exchange software solutions that are high trustworthy. Centralized Cryptocurrency Exchange Development Solutions are built with high-security standards and multiple payment methods.

Considering all the benefits, the demand for centralized crypto-exchange software development projects is high. Blockchainappsdeveloper, the best-centralized cryptocurrency exchange software development company, has wide expertise in the development of secure, reliable, and scalable blockchain for start-ups and entrepreneurs.